Monday, October 06, 2008
Congressman Hal Rogers Secures More Funding.
Congressman Harold “Hal” Rogers (KY-05) announced today that the Appalachian Regional Commission (ARC) has awarded $500,000 to the Kentucky Housing Corporation (KHC) to support its Appalachian Housing Program. Approximately 120 low-income housing units in eastern Kentucky’s most distressed areas are expected to be constructed or renovated through this initiative in 2009.
“The beautiful and majestic Appalachians Mountains have played a major role in the development of Eastern Kentucky’s history and culture. As we all well know, their steep peaks and valleys create a high risk for flooding, and hence a premium on buildable land. Unfortunately, this raises housing costs beyond the reach of many low- and middle-income families, and I believe more emphasis ought to be placed on helping these rural Americans obtain quality and affordable housing,” stated Rogers. “Kentucky’s Appalachian Housing Program aims to make home ownership a reality in this region, where the geography presents unique challenges, and this funding from ARC will help 120 families in eastern Kentucky realize their dreams of owning a home by financing the site development and utilities necessary to build.”
KHC’s Kentucky Appalachian Housing Program is responsible for helping the KHC allocate more resources in Kentucky’s Appalachian counties. With ARC assistance, KHC will make this $500,000 available for site development and utilities work needed to construct or rehabilitate low-income housing units in 37 economically-distressed counties. Local and regional housing organizations will apply for the funds through KHC. In addition to the ARC grant, local housing agencies and KHC will coordinate the use of matching funds from local, state and federal sources, as the expected cost of the homes to be completed or rehabilitated is approximately $5 million.
“The beautiful and majestic Appalachians Mountains have played a major role in the development of Eastern Kentucky’s history and culture. As we all well know, their steep peaks and valleys create a high risk for flooding, and hence a premium on buildable land. Unfortunately, this raises housing costs beyond the reach of many low- and middle-income families, and I believe more emphasis ought to be placed on helping these rural Americans obtain quality and affordable housing,” stated Rogers. “Kentucky’s Appalachian Housing Program aims to make home ownership a reality in this region, where the geography presents unique challenges, and this funding from ARC will help 120 families in eastern Kentucky realize their dreams of owning a home by financing the site development and utilities necessary to build.”
KHC’s Kentucky Appalachian Housing Program is responsible for helping the KHC allocate more resources in Kentucky’s Appalachian counties. With ARC assistance, KHC will make this $500,000 available for site development and utilities work needed to construct or rehabilitate low-income housing units in 37 economically-distressed counties. Local and regional housing organizations will apply for the funds through KHC. In addition to the ARC grant, local housing agencies and KHC will coordinate the use of matching funds from local, state and federal sources, as the expected cost of the homes to be completed or rehabilitated is approximately $5 million.
# posted by Joe Kinzer @ 3:23 PM 
