Plan Involves Partnership with Lexington Community and Technical College System and the University of Kentucky

FRANKFORT, KY – Gov. Steve Beshear and House leadership joined today to announce a plan to replace the 184-year-old Eastern State Hospital facility in Lexington. more »

Kentucky Housing Corporation has announced the latest recipients to receive funding from the Homeowner Occupied Repair Affair program.  Fifteen agencies will receive a total of $147,000 to help meet the housing repair needs of low-income Kentuckians. more »

Lexington, KY, 01/22/2008 – The recent announcement from the Federal Reserve to slash the federal funds rate by three quarters of a point was an action designed to help stimulate the economy and stave off a recession. The reduction, the largest in almost 20 years, may also lead to a possible boost in the Kentucky housing market.  more »

U.S. Federal Court Denies HCP’s Motion to Dismiss Ventas’s Case

LOUISVILLE, KY (December 19, 2007) - Ventas, Inc. (NYSE:VTR) (”Ventas” or the “Company”) announced today that the United States District Court for the Western District of Kentucky has denied HCP, Inc.’s (”HCP”) motion to dismiss Ventas’s lawsuit against HCP. Ventas’s lawsuit against HCP arises out of the Sunrise Senior Living REIT (”Sunrise REIT”) acquisition, which Ventas completed in April 2007. more »

LOUISVILLE, KY (December 5, 2007) - Ventas, Inc. (NYSE:VTR) (”Ventas” or the “Company”) announced today that the Executive Compensation Committee of its Board of Directors has granted special restricted stock awards to certain executive officers to encourage their long-term retention and reward performance. more »

Estimate of Number of Homeowners Who Could Save Home Based on Publicly Available Data from Center For Responsible Lending; Rep. Hill Urged to Support Pending Bills to Eliminate Unfairness in Mortgage Foreclosure Process.

LOUISVILLE, Ky., Nov. 26 /PRNewswire-USNewswire/ — There is promising news today for distressed homeowners in the Jeffersonville area. The National Association of Consumer Bankruptcy Attorneys (NACBA) is estimating that Congressman Baron Hill can give 592 homeowners in his Congressional District a fighting chance to save their homes from foreclosure during the current mortgage crisis. more »

BUT BAD NEWS ELSEWHERE MAY SCARE BUYERS

Healthy real estate markets in Kentucky and Midwestern states are being hurt by national news reports of problems in other areas, Lawrence Yun told Lexington Realtors yesterday. more »

Funding will improve several downtown buildings, provide economic development
 
FRANKFORT, Ky. –Governor Ernie Fletcher today announced Renaissance on Main grants to eight cities in the commonwealth. The grants will fund a variety of improvements to downtowns across Kentucky, including facade repairs, property renovations and streetscape repairs and improvements. more »

LEXINGTON, Ky., Oct. 31 /PRNewswire-FirstCall/ — Color printing is a key trend among real estate professionals but churning out high volumes of black and white documents tied to property transactions continues to dominate printing requirements in the industry. more »

Construction Begins Immediately on Kentucky’s Largest Ever Public-Private Project

LOUISVILLE, Ky., Oct. 25 /PRNewswire/ — Developers in Louisville broke ground Thursday on the landmark Museum Plaza project, a $490 million skyscraper that will transform the city's skyline. more »

FRANKFORT, Ky. (Oct. 22, 2007) – Investors of all ages, experience and financial resources will be able to obtain useful advice at a free seminar co-sponsored by the Kentucky Office of Financial Institutions (OFI) at the Louisville Free Public Library on Oct. 27.   more »

TULSA, Okla., Oct. 12 /PRNewswire-USNewswire/ — Pyramid Real Estate Services, LLC (Pyramid) announced that it has received notice from the U.S. Department of Housing and Urban Development (HUD) that its Management and Marketing contracts are to be extended to July 31, 2008, exercising option year three of the contracts. The contracts began in August, 2004 and can be extended through option year four. Obligated funds for both contract areas for option year three total $38,905,270. more »

FRANKFORT, Ky. – Governor Ernie Fletcher today announced a $150,000 Renaissance on Main grant to the city of Lebanon to fund the construction of a multi-purpose pavilion in
Lebanon’s downtown historic district.  more »

FRANKFORT, Ky.  – The Kentucky Office of Financial Institutions (OFI) has adopted a Statement on Subprime Mortgage Lending in order to address emerging risks associated with certain subprime mortgage products and lending practices.     This regulatory guidance covers underwriting standards, management practices and consumer protection provisions that mortgage originators should follow when marketing and selling certain adjustable rate mortgage (ARM) products to subprime borrowers. more »

WASHINGTON, Homeowners, struggling to deal with sharp increases in their adjustable mortgage payments, got hit with a record number of foreclosure notices in the spring as the crisis in subprime lending intensified.The problem was the most severe in the industrial Midwest and former housing boom areas such as California and Florida, but economists warned the situation will get worse in coming months as an estimated 2 million adjustable rate mortgages taken out with low introductory interest rates reset to much higher rates. more »