FRANKFORT, Ky.—Kentucky Housing Corporation (KHC) is pleased to announce the funding awards for the Fiscal Year 2019 application round competing for Low Income Housing Tax Credits (Housing Credits) and other program resources. KHC received 30 applications requesting more than $21 million in Housing Credits and was able to fund 19 projects with $13,747,583 of 2019 Housing Credits in conjunction with $2,140,000 of HOME Investment Partnerships Program (HOME) and $1,500,000 of Affordable Housing Trust Fund (AHTF). While resources for affordable housing can be sparse, KHC included a new strategy in the 2019-2020 Qualified Allocation Plan (QAP) that incentivizes innovative housing concepts in the Commonwealth. Four of the projects awarded achieve this objective.
"We must look for new and innovative ways to deliver housing solutions that lead to improved outcomes, and these four innovative projects are the culmination of strategic efforts over the last year and a half, by KHC and partners, to provide holistic housing solutions," said Edwin King, KHC's executive director. "By leveraging our affordable housing resources with other public and private resources, we are creating new, replicable housing models that will help Kentuckians break the cycle of poverty, reach self-sufficiency, and have better opportunities for success."
On January 31, 2019, the following innovative projects were awarded funding based on the QAP:
Westminster Apartments - This project will create 51 units by renovating the top four floors of a vacant apartment building on Presbyterian Homes and Services of Kentucky's Louisville campus. It was constructed in 1966 and has been vacant since 2014. The Louisville campus also includes a 50-unit personal care facility and a separate 112-bed nursing facility that is connected to the apartment building to be rehabilitated. The University of Louisville Institute for Sustainable Health and Optimal Aging has agreed to be the supportive services provider for this project with an integrated team of social workers, nurses, pharmacists, and geriatricians. Supportive services are necessary for older adults to maintain their long-term independence. The ability to offer both a safe attractive home to seniors with continuing care, will truly set a new standard in Kentucky for innovative senior care.
"Presbyterian Homes and Services of Kentucky would like to thank Kentucky Housing Corporation, as well as Mayor Greg Fischer, Senator Denise Harper Angel, and Representative Tom Burch for their support of this innovative project. With the additional support of The U of L Center for Sustainable Health and Optimal Aging, we will be able, not only to provide housing, but community-based services to over 50 residents who have limited financial resources. We are excited to be able to provide community for these residents in a campus setting where the additional offerings of meal service, personal care, and skilled nursing services can be made available as needed. It is an honor to have this opportunity to serve seniors more fully in the West Buechel area of Metro Louisville," said Hattie Wagner, President/CEO, Presbyterian Homes and Services of Kentucky.
Kit Carson Commons – Located at the edge of Eastern Kentucky University's campus, the Workforce Pathway at Kit Carson Commons will provide 30 two and three-bedroom units of affordable housing and a Community Service Facility. This development will consist of 21 two-bedroom townhouses, 4 two-bedroom apartments, and 5 three-bedroom apartments targeting single parent families with a preference for single parent veterans.
The Community Service Facility will have two large classrooms, one large classroom that can be divided into two classrooms, reception area, administrative area, conference room, and four offices all managed by Kentucky River Foothills Development Council. This facility will be used to provide workforce training and will be open to the public.
This project maintains many of the characteristics of a traditional Scholar House but limits expenses by using existing resources including a nearby Scholar House Child Development Center. It also prioritizes single parent families that have a head of household who is a veteran pursuing higher education.
"Kentucky River Foothills Development Council is proud to work with a host of partners to make this innovative project happen. By combining affordable housing and education and workforce development activities, the Workforce Pathway at Kit Carson Commons maximizes resources to respond to two unmet community needs. Our agency looks forward to its involvement with this exciting effort," said Brian Mullins, Executive Director/CEO, Kentucky River Foothills Development Council, Inc.
Maddox Manor – This development will include 40-units of new construction, which includes 20 one-bedroom units and 20 two-bedroom units designed to serve the elderly in Glasgow, Kentucky. In an effort to allow elderly to age in place, there will be a community service facility on site that will utilize the Medicare Waiver program to provide a wide range of services to both the residents of Maddox Manor and the Glasgow community. In addition, there will be a duplex that will be a "Passive House" that will serve as a pilot testing the benefits of the energy efficiency model.
"One of our state's great treasures is our elderly citizens. This generation has fought for our country that we may maintain our independence and worked hard for their children that they may also have their independence. In the twilight of their years, our senior's independence is at risk for many, due to needed services. Maddox Manor will provide services to this population to assist them in maintaining an independent life. The project will have an on-site adult day care that will provide a host of services including meals, transportation, and attendant care to assist the residents. We are excited about the prospects for the project and the potential for it to become a viable model for future use," said Garry Watkins, President, Wabuck Development.
Ransdell Living and Learning Center – This innovative project includes affordable housing units for those with autism. This property, previously known as Adams Station in Bowling Green, Kentucky, will renovate a total of 16 units with a total of three buildings. Eight units will be held for adults with autism spectrum disorder, while the remaining eight family units will receive a preference on the waiting list for individuals and/or families with autism spectrum disorder. Western Kentucky University is a crucial partner of this project because of their Kelly Autism program, which assists those with autism in daily living skills, employment skills, and assists with these individuals attending the University to obtain a degree.
"Housing Assistance and Development Services, Inc (HANDS) is very pleased to join in this unique partnership to serve a very special population. In our 25 years history, we have been fortunate and abundantly blessed to bring forward affordable housing as well as other services to address the needs of communities. We look forward to adding this project to our partnership programs," said Deborah Williams, CEO, Housing Assistance and Development Services, Inc.
KHC values our partnerships and appreciates all the applicants' commitment to providing innovative, holistic, and affordable housing in Kentucky.
About Kentucky Housing Corporation: As Kentucky's housing finance agency, Kentucky Housing Corporation (KHC) offers programs designed to create, preserve, and sustain affordable housing. In partnership with state and federal agencies, KHC administers programs that assist low- and moderate-income households with affordable home loans and down payment assistance, affordable rental homes, housing solutions for homeless, and specialized housing with supportive services.
Created by the General Assembly in 1972, KHC is a self-supporting, public corporation of the Commonwealth of Kentucky. KHC is a quasi-governmental agency, which is administratively attached to the Finance and Administration Cabinet, and a portion of KHC's funds are derived from the interest earned through the sale of tax-exempt mortgage revenue bonds. From these proceeds, KHC has made homeownership possible for more than 94,000 Kentucky families.
KHC also receives fee income for administering federal programs, including rental assistance that makes quality housing available to more than 27,500 low-income Kentuckians. Other programs offered by KHC include rental housing financing for development and preservation, rental assistance, homelessness assistance, homeownership pre-purchase education/counseling, home energy and repair initiatives, as well as loan servicing of its mortgage loans. KHC works with many partners across the state to invest in and create affordable housing opportunities.
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