How do we build and sustain a stronger Kentucky for
our families and children, now and for future generations?
takes having a strong economy with good jobs paying good wages. Additionally, it takes having a home to
create a strong foundation of stability for Kentucky families. Affordable, stable homes promote a more
robust labor force for businesses, while strengthening communities as local
have a strong Kentucky, it also takes innovation, partnerships, and investments
that will make lasting impacts, and preventing and ending poverty for families
to have the best opportunities for successful outcomes.
Kentucky Housing Corporation
(KHC), as the Commonwealth’s housing finance agency, was created to meet
affordable housing needs by administering private and public capital and investing
in a variety of affordable housing solutions across Kentucky.
KHC deploys resources to meet
housing needs. During fiscal year 2016, this investment of $791 million, impacted
more than 50,000 low- to moderate-income Kentucky households, and created an additional
economic impact of $1.3 billion for the state.
KHC provides housing
solutions statewide for:
Affordable mortgages and down payment assistance, in-state loan servicing, foreclosure
prevention, energy efficiency upgrades.
Rehabilitation and new construction of affordable apartments, rental
Homeless and Special Needs Families: Supportive housing (housing with access to special services),
short-term housing assistance.
For fiscal management and
evaluation of its resources, KHC conducts corporate-wide business planning and
modifies its lines of business to adapt to changing market conditions. The
Corporation is positioned to continue delivering its mission into the future.
KHC’s recent strategic efforts include:
processes and investments in automation systems, paperless workflow, and
enhanced service to partners and customers.
Succession plan management
to transfer knowledge of tenured and retiring staff, and attract, grow, and
retrain top talent.
the Enterprise Risk Management framework, KHC will continue to position itself
for ongoing challenges with housing sector volatility, federal budget cuts, and
escalating pension liability.
I look forward to continuing our mission of
investing in affordable housing solutions for families and communities across