A nonprofit publication of the Kentucky Center for Public Service Journalism

Kentucky Housing Corporation to exit state pension system, will transition to defined contribution plan

The Kentucky Housing Corporation (KHC) Board of Directors chose today to exit the Kentucky Retirement Systems (KRS). Starting July 1, KHC and its employees will no longer contribute to the state pension system. “Over the last three months, we have weighed the financial and personal impacts of each option upon the staff and KHC,” said Mike Denham, board chair. “It was a difficult decision, but...

Kentucky Housing Corporation honors state’s top lenders during virtual Annual Recognition Awards

Kentucky Housing Corporation (KHC), the state housing finance agency, recognized its 2020 top lending partners at the 16th Annual Recognition Awards held virtually via Facebook live. Kentuckians who received a KHC home loan in 2020 worked with one of more than 111 partnering lender banks and mortgage companies in communities across the state. KHC offers loans for first-time and repeat home buyers with...

Beshear reports 1,880 new COVID cases, 36 deaths, lowest positivity — 7.08% — since Nov. 6; and more

Governor Andy Beshear reported the lowest positivity rate since November 6 — 7.08% — and 1,880 new COVID cases and 36 deaths. Here are the COVID-19 numbers: New cases today: 1,880 New deaths today: 36 Positivity rate: 7.08% Total deaths: 4,211 Currently hospitalized: 1,142 Currently in ICU: 278 Currently on ventilator: 156 Top counties with the most positive cases today are: Jefferson,...

More than $12.5M awarded for affordable housing units; projects in Bell, Edmonson, Garrard counties

Kentucky Housing Corporation (KHC) has been awarded more than $12.5 million in Low Income Housing Tax Credits (Housing Credits) and other program resources to provide communities throughout Kentucky more affordable housing options. KHC awards Housing Credits to developers annually through a competitive process. Housing Credits are tax incentives allocated by the Internal Revenue Service and are designed...

UK graduate Winston Miller to serve as Kentucky Housing Corporation executive director

Kentucky Housing Corporation has selected Winston Miller as its new executive director. Miller begins his duties Nov. 16. Approved in a Board of Directors meeting Thursday, Miller will replace Lisa Beran, KHC’s former general counsel, who served as interim director for more than a year. “For the last year, Winston has been an excellent addition to the Board of Directors,” said Beran. “He is...

Kentucky Housing Corporation awards more than $12.4 million for affordable housing units

Kentucky Housing Corporation (KHC) awarded more than $12.4 million in Low Income Housing Tax Credits (Housing Credits) and other program resources last week, providing communities throughout Kentucky more affordable housing options. KHC awards Housing Credits to developers annually through a competitive process. Housing Credits are tax incentives allocated by the Internal Revenue Service and are designed...

Lisa Beran appointed interim executive director of Kentucky Housing Corporation as of Aug. 19

Kentucky Housing Corporation (KHC), the state housing finance agency, has appointed Lisa Beran as its interim executive director and chief executive officer after Edwin King announced his resignation to enter the private sector. Beran formerly served as deputy executive director and general counsel of KHC and had retired in March 2019, but returns as interim executive director on Aug. 19 for a smooth...

Bob Brown House breaks ground for Independence Homes, expanding housing for special needs adults

The Bob Brown House officially broke ground for Independence Homes at 507 Rogers Road on Friday. For more than 40 years, the Bob Brown House has provided a unique environment that enables special needs adults to live independently and affordably. The current residents range in age from 21-80. Each has his or her own apartment, but they share all meals together in a common dining room. They are family...

Kentucky receives $9.4 million from HUD to help reduce state’s Homeless population

The U.S. Department of Housing and Urban Development (HUD) recently announced the recipients of grant funding to address homelessness across the nation. The funding is part of HUD’s Continuum of Care Program, which is awarded annually through a national competition. The Kentucky Balance of State Continuum of Care (KY BoS CoC), which is comprised of all Kentucky counties except Fayette and Jefferson,...

KHC’s Edwin King to join Federal Reserve Bank of Cleveland’s Community Advisory Council

Edwin King, executive director of Kentucky Housing Corporation, has been selected to serve on the Federal Reserve Bank of Cleveland’s Community Advisory Council. The Community Advisory Council (CAC) is responsible for research, analysis, and engagement on economic issues facing underserved and lower-income individuals and communities across the federal Fourth District, comprising of Eastern Kentucky,...

Kentucky Housing Corporation honors excellence in housing innovation at awards ceremony

Awards honoring excellence and innovation in affordable housing were presented during the 2018 Kentucky Affordable Housing Conference in Lexington, which was held Aug. 21-22. Kentucky Housing Corporation, the conference host and state housing finance agency, sponsored the awards to honor innovative techniques and strategies used by our partners to meet the needs of Kentuckians as well as lifetime...

Kentucky Housing Corporation honors top lender at 13th annual Lender Luncheon in Lexington

Kentucky Housing Corporation (KHC), the state housing finance agency, recognized its 2017 top lending partners at the 13th Annual Lender Luncheon in Lexington last week. Kentucky Housing Corporation Executive Directed Edwin King addresses those attendance at Thursday’s luncheon (From KHA) Kentuckians who received a KHC home loan in 2017 worked with one of more than 100 partnering lender banks...

Kentucky Housing Corporation launches home ownership loan program aimed at veterans

Kentucky Housing Corporation (KHC) has announced a new, statewide loan option to assist eligible military families and non-active duty veterans achieve the dream of homeownership for first-time homebuyers. “Military families make many sacrifices to protect our country, said Edwin King, executive director of KHC. “We have $3 million available that will help our Kentucky military families achieve...

Results of annual homeless count released; Fayette County identified 1,051 during 2017 K-Count

The Kentucky Housing Corporation (KHC) released the results of the 2017 K-Count Tuesday, a “point-in-time” count of homeless Kentuckians living on the streets, in emergency shelters, or other temporary housing programs in the Balance of State (118 counties outside of Fayette and Jefferson) during a single night. Due to separate funding streams, Louisville and Lexington conduct their own counts. The...

Jeff Rubin: Affordable housing issues demand creative thinking and action

Some 40 million American households are paying more than a third of their incomes on rent, according to a recent article in the Wall Street Journal. This is particularly disconcerting given that the number had been trending downward in recent years. It infers a continuing rental affordability crisis due in no small part to a deepening income inequality across the U.S. Add to that a growing shortage...

Lexington apartment complex to be turned into affordable living community for seniors

Trent Senior Village in the River Hills neighborhood of Lexington will provide 54 affordable living apartments for seniors. (Rendering provided)   Staff report   An existing apartment complex on Trent Boulevard in the River Hills neighborhood of Lexington will be turned into 54 affordable living senior apartments.   Trent Senior Village, when completed in 2016, will consist of one- and...

KHC conference recognizes activists, agencies for promoting affordable housing in Kentucky

Staff report   The 2013 Kentucky Affordable Housing Conference in Lexington honored several state leaders for achievements in the area of increasing housing options for Kentucky communities.   Mary Shearer received the Dorothy J. Williams Lifetime Achievement Award. Shearer is the executive director of Kentucky Habitat for Humanity which manages a host of affiliates statewide. Shearer began...

Kentucky’s homeless population decreases nearly 50% from 2008 to 2013, report shows

Kentucky Housing Corporation today said that the number of homeless individuals decreased almost 50 percent from 2008 to 2013.   The was one of the findings of the agency’s “Progress Report on Ending Homelessness,” a report describing the trends and changes in the homeless population in the Balance of State (all counties except Jefferson and Fayette).   The decrease can...