KHC Expands Homeownership Programs

April 01, 1999

Kentucky Housing Corporation (KHC) recently received a grant for $290,281 from the U.S. Department of Housing and Urban Development to expand its homebuyer education and homeownership counseling programs. Funds will help increase awareness of homeownership opportunities and improve access by low- and moderate-income families to homeownership.

In addition to KHC's Yes You Can...Own A Home homebuyer education workshops, KHC offers homeownership counseling to families and individuals who have been declined a KHC mortgage loan due to credit problems and to participants in the Family Self-Sufficiency Program. Training for homebuyers includes instruction on how to: evaluate their financial status; analyze their debt-to-income ratio; develop a budget and savings plan; and prepare to purchase a home. Basic home maintenance training also is offered.

To learn more about KHC's homeownership education and counseling programs, call 1-800-633-8896, ext. 324.

Bridges is a regular review of regional community and economic development issues. Views expressed are not necessarily those of the St. Louis Fed or Federal Reserve System.

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