RHED FY 2003 Project Summaries -
Kentucky

Information by State  Print version

McCreary County Community Housing Development Corporation in Whitley City, KY will receive a Rural Housing and Economic Development Capacity Building grant in the amount of $150,000. This grant will be used to pay for personnel and purchase equipment and supplies for the organization. Proposed cash and in-kind leveraging resources total approximately $135,000. Partners and supporters for this venture include the Bank of McCreary County, McCreary County and the USDA.

Frontier Housing, Inc. in Morehead, KY will receive a Rural Housing and Economic Development Innovative Housing and Economic Development grant in the amount of $400,000. This grant will be used to assist in the development of 28 new homes located in the target area. Proposed cash and in-kind leveraging resources total approximately $782,742. Partners and supporters for the venture include Peoples Bank and US Bank. The target area for this project is an Appalachian Distressed County.

Kentucky Highlands Investment Corporation in London, KY will receive a Rural Housing and Economic Development Innovative Housing and Economic Development grant in the amount of $400,000. This grant will be used to assist in opening a branch credit union office. Proposed cash and in-kind leveraging resources total approximately $525,000. Partners and supporters for this venture include Central Appalachian Peoples Federal Credit Union, Federal Home Loan Bank of Cincinnati, the Center for Rural Development and Rural LISC. The target population for this project is an Appalachian Distressed County.

People’s Self Help Housing, Inc. in Vanceburg, KY will receive a Rural Housing and Economic Development Capacity Building grant in the amount of $150,000. This grant will be used to pay for personnel, and purchase supplies and equipment. Proposed cash and in-kind leveraging resources total approximately $95,080. Partners and supporters for this venture include Federal Home Loan Bank of Cincinnati, Kentucky Housing Corporation, the USDA, Frontier Housing, Inc. and FAHE. The target population for this project is an Appalachian Distressed County.

HPCHDA, Inc. in Hazard, KY will receive a Rural Housing and Economic Development Innovative Housing and Economic Development grant in the amount of $400,000. This grant will be used to assist in the development of a revolving land acquisition fund. The fund will allow for the acquisition and development of 25 building lots. Proposed cash and in-kind leveraging resources total approximately $825,000. Partners and supporters for this venture include the Housing Authority of Perry County, FAHE, Perry County Courts and Community Ministries. The target population for this project is an Appalachian Distressed County.