Kentucky Housing Corporation Announces Latest HOME/AHTF Funding

April 01, 2009 – (RealEstateRama) — Kentucky Housing Corporation has announced the latest round of funding from the Affordable Housing Trust Fund (AHTF) and the HOME Investment Partnerships (HOME) Program.  Fifteen recipients around the state will receive a total of over $5.5 million to fund 18 homeownership development projects in their communities and produce or preserve 206 units of affordable housing.


Bell Whitley Community Action Agency, Inc.
Peggy Capps
BWCAA 2009-2010 Housing Initiatives
10 Units
$360,000 HOME
$  95,000 AHTF
Service Area:  Bell and Whitley CountiesCity of Fulton
Tom Meurer, Purchase Area Development District
City of Fulton Scattered Site Housing Revitalization Project
10 Units
$100,000 HOME
$100,000 AHTF
Service Area:  City of Fulton, Kentucky

Community Ventures Corporation
Kevin Smith
CVC 2009 CHDO Homebuyer Program
7 Units
$500,000 HOME
$200,000 AHTF

Service Area:  Adair, Anderson, Boone, Bourbon, Boyle, Campbell, Casey, Cumberland, Estill, Franklin, Gallatin, Garrard, Grant, Green, Harrison, Hart, Jessamine, Kenton, Larue, Lincoln, Marion, Mercer, Nicholas, Pendleton, Scott, Taylor, Washington and Woodford Counties.

Daniel Boone Community Action Agency, Inc.
Mike Buckles
2009 DBCAA Homeowner Rehab Project
1 Unit
$60,000 HOME
Service Area:  Clay, Jackson, Laurel and Rockcastle Counties

2009 DBCAA Homebuyer Project
11 units
$440,000 HOME
Service Area:  Clay, Jackson, Laurel and Rockcastle Counties

Federation of Appalachian Housing Enterprise (FAHE), Inc.
Jim King
FAHE 2009 HOME Investment Partnership in Appalachian Kentucky (Homebuyer)
10 units
$300,000 HOME
Service Area:  Bath, Breathitt, Carter, Clark, Clay, Elliott, Estill, Fleming, Floyd, Harlan, Jackson, Johnson, Knott, Lawrence, Lee, Leslie, Letcher, Lewis, Madison, Magoffin, Martin, McCreary, Menifee, Montgomery, Morgan, Perry, Pike, Powell, Rockcastle, Rowan and Wolfe Counties

FAHE 2009 HOME Investment Partnership in Appalachian Kentucky (Homeowner Rehab)
20 units
$200,000 AHTF
Service Area:  Bath, Breathitt, Carter, Clark, Clay, Elliott, Estill, Fleming, Floyd, Harlan, Jackson, Johnson, Knott, Lawrence, Lee, Leslie, Letcher, Lewis, Madison, Magoffin, Martin, McCreary, Menifee, Montgomery, Morgan, Perry, Pike, Powell, Rockcastle, Rowan and Wolfe Counties

Habitat for Humanity of Hopkins County
Heath Duncan
HFH of Hopkins County 2009
4 Units
$92,414 AHTF
Service Area:  Hopkins County

Habitat for Humanity of Metro Louisville
Rob Locke
2009 Homes of Hope
10 Units
$183,000 AHTF
Service Area:  Louisville Metro

Housing Development Alliance
Scott McReynolds
Perry County Homebuyer 2009
12 Units
$500,000 HOME
$200,000 AHTF
Service Area:  Perry County

Housing Oriented Ministries Established for Service (HOMES), Inc.
Seth Long
HOMES, Inc. 2009 Owner-Occupied Rehab Program
15 Units
$200,000 AHTF
Service Area:  Knott, Letcher, southern Floyd and western Pike Counties

Kentucky Heartland Outreach
Todd Parish
Minor Rehab 2009
42 Units
$200,000 AHTF
Service Area:  Adair, Allen, Barren, Green, Hart, Metcalfe and Taylor Counties

Lexington Habitat for Humanity
Rachel Childress
LHFH Build 2009-2010
20 Units
$200,000 AHTF
Service Area:  Fayette County

LHFH 2009 Owner-Occupied Rehabilitation Pilot Project
3 Units
$105,000 AHTF
Service Area:  Fayette County

People’s Self-Help Housing, Inc.
Dave Kreher
2009 PSHH Homebuyer Program
9 Units
$500,000 HOME
$200,000 AHTF
Service Area:  Lewis County

Purchase Area Housing Corporation
Tom Meurer
Purchase Area Housing Corporation Scattered Site Housing Revitalization Project
7 Units
$395,000 HOME
$105,000 AHTF
Service Area: Ballard, Calloway, Carlisle, Fulton, Graves, Hickman, Marshall and McCracken Counties.

Purchase Community Housing Development Corporation
Tom Meurer
2009 Habitat Homebuyer Project
2 Units
$80,000 HOME
Service Area: Graves County

REACH, Inc.
Chris Ford
First Key Program
13 Units
$200,000 HOME
Service Area:  Anderson, Bourbon, Clark, Franklin, Garrard, Harrison, Jessamine, Madison, Mercer, Montgomery, Scott and Woodford Counties.


The AHTF was established in 1992 by the Kentucky State Legislature to address the critical housing needs of very low-income Kentuckians, including the mentally and physically disabled, and those on the verge of homelessness.  The fund supports developments that assist persons at or below 60 percent of the area median income with a preference to help persons at or below 30 percent of the area median income.The HOME Program was created by the National Affordable Housing Act of 1990 and provides funding for various types of affordable housing production and rehabilitation.  HOME is the largest federal block grant program designed exclusively to create affordable housing for low-income households.

The HOME Program’s flexibility empowers agencies and communities to design and implement programs tailored to their own needs and priorities.  Its emphasis on consolidated planning expands and strengthens partnerships among all levels of government and the private sector.

For more information about the AHTF or HOME Program, contact Kentucky Housing Corporation’s Marilyn Stober Harris or Tammy Stansbury toll-free in Kentucky at (800) 633-8896 or (502) 564-7630, extensions 253 or 411, respectively; TTY 711; or e-mail mstober (at) kyhousing (dot) org or tstansbury (at) kyhousing (dot) org, respectively.

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Kentucky Housing Corporation (KHC), created by the 1972 General Assembly, is a self-supporting, public corporation of the Commonwealth of Kentucky administratively attached to the Finance and Administration Cabinet.  A portion of Kentucky Housing's funds are derived from the interest earned through the sale of tax-exempt mortgage revenue bonds. 

From these proceeds, Kentucky Housing has made homeownership possible for over 82,000 Kentucky families.  Kentucky Housing also operates through the receipt of fees for administering federal programs including rental assistance that makes safe, decent, affordable housing available to more than 27,000 low-income Kentuckians.

Contact:

Kentucky Housing Corporation
1231 Louisville Road
Frankfort, Kentucky 40601
(502) 564-7630
(800) 633-8896 (KY only)

Jay Blanton
Phone:502-564-2611

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