Kentucky Housing Corporation Announces the Bowling Green Scholar House Grand Opening

The Bowling Green Scholar House will assist Kentuckians as they pursue an education

February 26, 2009 – (RealEstateRama) — Representatives of Kentucky Housing Corporation; Wabuck Development Company; Housing Assistance and Development Services, Inc. (HANDS); The Cecilian Bank; Community Action of Southern Kentucky; and state and local officials, held the grand opening of Bowling Green’s new Scholar House on February 18.  This new initiative will provide affordable housing, counseling, and on-site childcare for individuals who are pursuing post-secondary education.  The Bowling Green Scholar House is the third Scholar House to open in the state.

“In today’s economic climate, many Kentuckians need help to improve their lives,” said Richard L. McQuady, chief executive officer of Kentucky Housing Corporation.  “This program provides a solid foundation for families to build their dreams by allowing adults to improve their education while helping provide a safe, decent, and affordable place for their families to live.”

Scholar House is a housing and education initiative administered by Kentucky Housing Corporation.  The program is designed to help unemployed or underemployed individuals pursue an education to become self-sufficient.  Participants in Scholar House attend workshops on health maintenance, parenting skills, management of family resources, nutritional knowledge, problem solving, work skills, and job-search techniques, in addition to their academic or vocational classes.  They also receive continuous support from neighbors and staff while fulfilling academic or vocational training course work as a full-time student.

Each development in the Scholar House program includes an on-site childcare facility to allow time for parents to attend classes and focus on their education.  All of these services are free as long as the participant is a full-time student and remains within program guidelines.  The Bowling Green Scholar House includes 56 units covering over 61,000 square feet and all syndication proceeds were provided by Ohio Capital Corporation for Housing.

This transitional housing will only be available to residents participating in the program and their children.  Once residents have graduated from Scholar House, they will be allowed ample time to find and move into permanent housing.

For more information about the Scholar House program, contact Kentucky Housing Corporation’s Tammy Stansbury toll-free in Kentucky at (800) 633-8896 or (502) 564-7630, extension 411; TTY 711; or e-mail tstansbury (at) kyhousing (dot) org.

Kentucky Housing Corporation, the state housing finance agency, was created by the 1972 General Assembly to provide affordable housing opportunities.  As a self-supporting, public corporation, Kentucky Housing offers lower-than-market rate 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 in employment based on race, color, religion, sex, national origin, sexual orientation, gender identity, ancestry, age, disability or veteran status.

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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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