According to the U.S. Census Bureau, around 30 percent of Kentuckians (over 1.2 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.
- City Officials Guide to Vacant Residential Properties (PDF)
- KLC Research Report: Today's Kentucky City - A Comprehensive Analysis of City Operations (link)
- Kentucky Housing Corporation News (link)
- Kentucky Department for Local Government (DLG) grants (link)
- HUD in Kentucky (link)
- HUD resources for cities (link)
- Office of Sustainable Housing and Communities (OSHC) Grants Programs (link)
- Land Bank Authorities: A Guide for the Creation and Operation of Local Land Banks (link)