Saturday, February 27, 2010
Housing Funds Available
KENTUCKY...
A Kentucky-based nonprofit group will help low-income home buyers access $25 million in federal funding set aside for four central Appalachian states including Kentucky. The Federation of Appalachian Housing Enterprises in Lexington says the arrangement with the U.S. Department of Agriculture is the first of its kind in the nation. Under the program, hopeful borrowers could get help with payments and an interest rate on their home loan as low as 1 percent. The money comes from a USDA program that was funded by federal stimulus dollars.
A Kentucky-based nonprofit group will help low-income home buyers access $25 million in federal funding set aside for four central Appalachian states including Kentucky. The Federation of Appalachian Housing Enterprises in Lexington says the arrangement with the U.S. Department of Agriculture is the first of its kind in the nation. Under the program, hopeful borrowers could get help with payments and an interest rate on their home loan as low as 1 percent. The money comes from a USDA program that was funded by federal stimulus dollars.
# posted by Homer Owens @ 7:29 AM 
