For Immediate Release
Contact: Charla Jackson Peter
November 14, 2013
(502) 564-7630, ext. 454
Kentucky Housing Corporation was recognized at the Annual Awards for Program Excellence during the National Council of State Housing Agencies 2013 Annual Conference & Showplace in New Orleans, Louisiana, for the achievements of the KY Home Performance Program (KHP).
Increasing a home’s energy efficiency is nothing new to state housing finance agencies (HFA). Many have been operating Weatherization Assistance Programs for low-income homeowners for a number of years. Most, if not all, have incentives for builders to use energy-efficient designs and products. However, few have created a statewide, market-rate program for homeowners to make energy-efficiency repairs to their homes.
KHP was developed by Kentucky Housing Corporation (KHC), in partnership with Kentucky’s Department of Energy Development and Independence, to create a home performance industry in Kentucky to improve existing single-family homes and to reduce residential energy consumption throughout Kentucky’s housing stock.
“It is an honor for Kentucky’s energy programs and partnerships to receive this award for excellence and to be among the top 22 housing agencies in the nation,” said Secretary Len Peters, Kentucky Energy and Environment Cabinet. “The Kentucky Home Performance with Energy Star program has stimulated energy efficiency in the residential home improvement market and leveraged over $12 million in home energy improvement projects. This helps Kentucky’s families through improved comfort in their homes, reduced utility bills, and reductions in greenhouse gases.”
“Initiated as an American Reinvestment and Recovery Act-funded program, KHP has played a crucial role in residential energy consumption reduction, as well as created many jobs and a sustainable home performance industry in the state,” said KHP Program Manager Andrew Isaacs.
One of the first statewide Home Performance with ENERGY STAR programs in the nation, KHP has been nationally recognized by the Environmental Protection Agency and the U.S. Department of Energy as one of the leading residential energy reduction Home Performance with ENERGY STAR programs.
“KHP created a contractor infrastructure by providing extensive energy-efficiency home improvement training to contractors throughout Kentucky and leveraging job-training funding through a partnership with the state’s technical college network, helping contractors suffering from the slow housing market to find new business opportunities,” said Andrew Isaacs. “All enrolled contractors receive training in best practices, KHP processes and work flow, financial incentives, and use of energy-efficiency software, which has given homeowners confidence in the quality of work on their home improvements.”
KHP uniquely partnered with over 25 utility providers, national energy software developers, and the nation’s leading energy lending agency. KHP has been successful in developing and utilizing cutting-edge energy software, while being one of the nation’s first programs to utilize new lending platforms. Through the development of this software, KHP was able to track, record, and report the program’s energy-reduction results.
KHP has enlisted 147 contractors, retrofitted 1,071 homes, and created a permanent foundation for the home performance industry in Kentucky. So far, KHP has generated over $12 million of business throughout Kentucky.
KHP will continue to help increase home efficiencies, thereby strengthening or improving the housing stock in the Commonwealth, as well as help increase participation among consumers in energy-efficient programs by offering even greater incentives and financing.
“Energy costs are only projected to increase in the future, and it is important to start energy-efficiency measures now, helping homeowners save money and making their homes efficient and affordable into the future, which goes to the heart of housing affordability,” said Andrew Isaacs.
For more information about KHP and making residential energy improvements, please visit KYHomePerformance.org.
Kentucky Housing Corporation, the state housing finance agency, was created by the 1972 General Assembly to provide safe, quality, affordable housing opportunities. As a self-supporting, public corporation, Kentucky Housing offers home mortgages, housing production financing, homeownership education/counseling, rental assistance, housing rehabilitation, and supportive housing programs for special needs populations.
Kentucky Housing Corporation prohibits discrimination based on race; color; religion; sex; national origin; sexual orientation; gender identity; ancestry; age; disability; or marital, familial, or veteran status.
For more information, contact:
Kentucky Housing Corporation | 1231 Louisville Rd., Frankfort, KY 40601502-564-7630; 800-633-8896 (KY only); TTY 711