Kentucky Housing Corporation Announces over $1.8 Million for Home Repair and Affordable Housing Production
December 26, 2008 – (RealEstateRama) — Kentucky Housing Corporation has announced the latest recipients to receive funding from the Homeowner Occupied Repair Affair Program and Nonprofit Housing Production and Rehabilitation (NHPR) Program.
The Homeowner Occupied Repair Affair Program will provide $225,000 to 14 agencies to help meet the housing repair needs of income-eligible Kentuckians.
A Repair Affair is typically a blitz event, usually completed over one-to-two-weeks, where houses in a neighborhood receive cosmetic improvements, such as paint, door repair, window replacement or glazing, gutters and/or roof repair. Repairs can also include mobility accessibility issues or repairing living accommodations for elderly or persons with a disability to make housing more accessible.
Kentucky Housing’s NHPR Program provides very low-interest rate loans for the production and rehabilitation of low-income housing. Funding recipients receive the allocation as a loan with one percent interest.
Funds from the NHPR Program will help produce over 700 units of affordable housing for Kentucky families by helping nonprofit organizations leverage the additional funds needed to complete their total proposed units. Though $1.6 million was allocated, applicants requested over $44 million in funding.
The funds are awarded annually to nonprofit associations for use toward the acquisition, construction, repair or financing of housing units for lower-income Kentuckians. Transitional housing, rental housing and homeownership are eligible activities for this funding.
Funding allocations for this year’s Repair Affair Program are:
|
Agency |
Amount |
|
Christian Appalachian Project |
$20,000 |
|
Community Action Council for Lexington-Fayette, Bourbon, Harrison and Nicholas Counties, Inc. |
$20,000 |
|
Frontier Housing, Inc. |
$20,000 |
|
Grayson County Community Alliance |
$10,000 |
|
Hancock County Fiscal Court |
$20,000 |
|
Harlan County Community Action Agency, Inc. |
$20,000 |
|
Housing Development Alliance, Inc. |
$10,000 |
|
Kentucky Heartland Outreach |
$20,000
|
|
Low Income Housing Coalition of East Kentucky, Inc. |
$15,000
|
|
Leslie, Knott, Letcher, Perry Community Action Council, Inc. |
$20,000 |
|
Northern Kentucky Community Action Commission |
$10,000 |
|
Paducah-McCracken County Growth, Inc. |
$10,000 |
|
Partnership Housing, Inc. |
$10,000 |
|
Realtor-Community Housing Foundation |
$20,000 |
Nonprofit Housing Production and Rehabilitation Program recipients are:
Loan Portion
|
Recipient |
Units |
Allocation |
|
Bluegrass Affordable Housing Association, Inc. |
55 |
$160,743 |
|
Central Kentucky Housing Resources |
22 |
$ 55,472 |
|
Federation of Appalachian Housing Enterprises, Inc. |
323 |
$333,185 |
|
Community Action Kentucky, Inc. |
61 |
$ 62,764 |
|
Kentucky Council of Area Development Districts |
88 |
$128,622 |
|
Kentucky Habitat for Humanity, Inc. |
48 |
$ 63,835 |
|
Metropolitan Housing Coalition |
118 |
$195,380 |
Operational Support
|
Recipient |
Units |
Allocation |
|
Bluegrass Affordable Housing Association, Inc. |
55 |
$ 57,844 |
|
Central Kentucky Housing Resources |
22 |
$ 23,138 |
|
Federation of Appalachian Housing Enterprises, Inc. |
323 |
$217,178 |
|
Community Action Kentucky, Inc. |
61 |
$ 51,008 |
|
Kentucky Council of Area Development Districts |
88 |
$ 85,189 |
|
Kentucky Habitat for Humanity, Inc. |
48 |
$ 50,482 |
|
Metropolitan Housing Coalition |
118 |
$115,163 |
