Pictured (left to right) is KHC’s newly appointed executive director, Edwin King with Senator Mitch McConnell
FRANKFORT, Ky.—Kentucky Housing Corporation’s (KHC) newly named executive director, Edwin King; along with recently named general counsel of KHC, Jeremy Ratliff; and KHC Board member, Gale Lively visited Capitol Hill to share Kentucky’s affordable housing success and garner support for federal housing programs that provide safe, quality, affordable housing to Kentucky’s low-income families.
Kentucky’s affordable housing initiatives—continued investment in the Section 8 Project-Based Rental Assistance program and the federal tax-exempt bond program—were shared with Senators Mitch McConnell and Rand Paul, Congressmen Hal Rogers, John Yarmuth, Brett Guthrie, and with staff from the offices of Congressman James Comer and Andy Barr.
“I am pleased with the engagement of our congressional delegates and their interest in the positive impact that the Low Income Housing Tax Credit has had on our state and their local communities,” said King of his visit to Capitol Hill. “They understand that the credit is a valuable tool to incentivize private investment in Kentucky’s housing and community infrastructure, which stimulates job creation and commercial support.”
In recent years, there has been greater demand for a shorter supply of affordable rental housing, which has driven up costs of rents in the state. By 2020, it is estimated that over 49,000 apartment units in the state will be at risk of losing their affordability with devastating impacts on 49,000 families already struggling with economic hardship across the Commonwealth.
“Preserving the Low Income Housing Tax Credit is essential to reinvesting in aging properties to keep them affordable for our neighbors and families,” said King.
Future meetings on Capitol Hill are being planned to include representation from nonprofits, developers, and other stakeholders to help legislators better understand affordable housing needs in Kentucky communities.