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Affordable Housing

According to the U.S. Census Bureau, around 30 percent of Kentuckians (about 1.1 million people) live in unaffordable housing.  Typically, housing is considered unaffordable when housing costs – mortgage or rent plus utilities – amount to more than 30 percent of a household’s income.  There are a number of federal and state initiatives that attempt to make housing more affordable.

The federal government plays a large role in helping states and localities provide more affordable housing.  The U.S. Department of Housing and Urban Development (HUD) administers a number of programs, including Community Development Block Grants (CDBG), Home Investment Partnerships (HOME), Housing Choice Vouchers (Section 8), Emergency Shelter Grants (ESG) and others.

The Kentucky Housing Corporation (KHC) is a self-supporting public corporation of the Commonwealth of Kentucky.  KHC administers a number of assistance programs including down payment assistance, home ownership counseling, rental assistance and other programs designed to make dependable housing available to all Kentuckians.