Kentucky Housing Corporation (KHC)
Encyclopedia
Kentucky Housing Corporation (KHC), the Kentucky
state housing agency, was created by the 1972 Kentucky General Assembly to provide affordable housing opportunities. KHC offers home mortgages, rental assistance, housing production financing, homeownership education/counseling, supportive housing programs for special needs populations, and housing rehabilitation. KHC is a self-supporting, public corporation. KHC's mission is to lead Kentucky in providing safe, affordable housing
.
Act with a $150,000 appropriation. In 1973, KHC originated its first bond issue totaling $51.2 million and received its first allocation from the United States Department of Housing and Urban Development
(HUD) for 623 Section 8 New Construction units totaling $1.9 million. In-house mortgage loan underwriting
and the Kentucky Appalachian Housing Programs were established in 1976.
In 1978, the debt ceiling was raised by the General Assembly from $400 million to $700 million.
KHC purchased Wheelwright, Kentucky
an abandoned coal company town in eastern Kentucky, to rehab and resell housing to its residents in 1979.
In 1987, the Housing Foundation, a 501(c)3 nonprofit, was established to attract charitable contributions for affordable housing. Also in 1987, KHC was appointed to administer the federal Low-Income Housing Tax Credit
Program for Kentucky. KHC created an in-house Loan Servicing
program in 1989.
from Standard & Poor's
in 1991 and began administering the Family Self-Sufficiency Program.http://www.alacrastore.com/research/moodys-global-credit-research-MOODY_S_ASSIGNS_Aaa_RATING_TO_KENTUCKY_HOUSING_CORPORATION_HOUSING_REVENUE_BONDS_2010_SERIES_A_NON_AMT_AND_2009_SERIES_C_1_NON_AMT-NIR_806927470_16368602
In 1992, the Affordable Housing Trust Fund (AHTF) was established by the General Assembly, without a designated permanent funding source, to serve the state’s lowest-income population with critical housing needs. KHC began administering all federal McKinney–Vento Homeless Assistance Act homeless funding programs in 1993 and received a $400,000 grant from HUD in 1994 for the HOPE Rental Assistance Program.
The Housing Policy Advisory Committee was created by the General Assembly in 1996 to establish state policy on housing issues. In 1997, KHC contributed to the Jimmy Carter
Work Project, Hammering in the Hills, and participated with Habitat for Humanity
in eastern Kentucky
including sponsorship of two house builds. In 1998, KHC provided housing assistance to 253 households rendered homeless by the 1997 Ohio River Valley flood. Later that year, the AHTF received allocation of unclaimed lottery
winnings in excess of $6 million annually received by the General Assembly for the next biennium. In 1999, KHC received a HUD grant of $290,281 to expand homeownership education and counseling programs and the AHTF was funded by unclaimed lottery winnings totaling $5.8 million.
Morehead State University
was contracted in 2001 to conduct a statewide homeless study and the University of Louisville
was contracted to conduct a statewide housing needs assessment. KHC’s Board of Directors
adopted a universal design policy
to require building concepts that support minimal alteration to accommodate changing needs of current and future residents. Also in 2001, the First Appalachian Housing Summit was hosted by Kentucky Housing Corporation in Prestonsburg, Kentucky
.
In 2002, KHC was one of eight state HFAs selected to participate in the National Homeless
Policy Academy by HUD and the United States Department of Health and Human Services
. The General Assembly adopted federal income guidelines in qualifying home buyers rather than using the lower state income guidelines. KHC’s Board of Directors also raised the maximum home purchase price from $99,000 to $144,000.
The AHTF received funds of $6.2 million designated by the General Assembly following discontinuance of the lottery appropriation in 2003. Also in 2003, KHC received a grant for $454,280 from the Corporation for Supportive Housing to integrate state systems, help establish 532 units of supportive housing, and increase awareness of the need for supportive housing.
In 2004, KHC established regional offices. Also, KHC’s Renaissance Kentucky program named Hodgenville, Kentucky
, as the 100th participating community and the National Council of State Housing Agencies
(NCSHA) recognized KHC for the HouseWorks program.
Governor Ernie Fletcher
launched Recovery Kentucky in 2005 to reduce chronic homelessness for drug and alcohol addicted Kentuckians and charged KHC with the administration of the program. A new Housing Choice Voucher to Homeownership program was started for Section 8
rental assistance participants and a statewide, Don’t Borrow Trouble task force was established to raise awareness of predatory lending.
victims were helped by KHC with housing assistance. That same year, KHC had $500 million in more than 5,000 home loans and raised the maximum home purchase price to $200,000 and the income level up to $90,440.
Ground was broken for seven Recovery Kentucky centers in 2006 and supportive housing was provided to 776 individuals who were victims of domestic violence, persons with mental illness, and homeless families, through the new Safe Havens program designed to help end chronic homelessness.
KHC celebrated its 35th anniversary in 2007. Lee Square, a 27-home community renovation project in Bowling Green, was also opened. A Recovery Kentucky center development broke ground in Owensboro, Kentucky
, and another center opened in Henderson, Kentucky
. A new Scholar House development broke ground in Bowling Green
and another was under construction in Louisville
.
In 2008, Governor Steve Beshear
established the Recovery Kentucky Task Force to further help Kentuckians through the Recovery Kentucky program.http://governor.ky.gov/pressrelease.htm?PostingGUID={3C966191-DD90-431F-8957-87498C96E90C} Three Recovery Kentucky centers opened in Florence
, Morehead
, and Richmond
. The Kentucky Homeownership Protection Center was created by the General Assembly to help homeowners avoid foreclosure
, which absorbed the Don’t Borrow Trouble task force. KHC participated with the federal Housing and Economic Recovery Act of 2008
, created to address the subprime mortgage crisis
. KHC’s bond ceiling was increased from $2.5 billion to $5 billion. HUD awarded a record $17.2 million in grants to help fund 76 homeless programs. The first two Scholar House facilities opened in Louisville and Owensboro. Staff conducted the KHC Listening Tour to learn of local affordable housing needs across the state.
In 2009, in conjunction with the American Recovery and Reinvestment Act of 2009
, KHC launched Kentucky’s Housing and Emergency Assistance Reaching The Homeless program in addition to the Tax Credit Assistance, Tax Credit Monetization, and Weatherization
Assistance Programs. Also, the Kentucky Homeownership Protection Center received a $1.5 million grant to provide counseling services. Two Recovery Kentucky centers were opened in Erlanger
and Harlan
and a Scholar House opened in Bowling Green.
In 2010, KHC hit historic lows for interest rates. http://www.youtube.com/watch?v=1ibtduVcBe0
Regular meetings of the Board of Directors are held at 2 p.m., ET, on the last Thursday in February, April, May, August, and October and at 10 a.m. the second Thursday in December at KHC’s offices in Frankfort, Kentucky
, unless otherwise designated by the Board. There are three standing committees of the Board (Executive, Finance, and Communications) that meet on an as-needed basis. The public and press are notified of all meetings in accordance with the Kentucky Open Meetings Law.
Kentucky
The Commonwealth of Kentucky is a state located in the East Central United States of America. As classified by the United States Census Bureau, Kentucky is a Southern state, more specifically in the East South Central region. Kentucky is one of four U.S. states constituted as a commonwealth...
state housing agency, was created by the 1972 Kentucky General Assembly to provide affordable housing opportunities. KHC offers home mortgages, rental assistance, housing production financing, homeownership education/counseling, supportive housing programs for special needs populations, and housing rehabilitation. KHC is a self-supporting, public corporation. KHC's mission is to lead Kentucky in providing safe, affordable housing
Affordable housing
Affordable housing is a term used to describe dwelling units whose total housing costs are deemed "affordable" to those that have a median income. Although the term is often applied to rental housing that is within the financial means of those in the lower income ranges of a geographical area, the...
.
1970s
Kentucky Housing Corporation was created in 1972 as a state housing finance agency by the General Assembly under the Mae Street KiddMae Street Kidd
State Representative Mae Street Kidd born in Millersburg, Kentucky was an innovative businesswoman, a civic leader, and a skilled politician during a time when both her gender and her inter-racial background made such accomplishments more difficult than they would be today...
Act with a $150,000 appropriation. In 1973, KHC originated its first bond issue totaling $51.2 million and received its first allocation from the United States Department of Housing and Urban Development
United States Department of Housing and Urban Development
The United States Department of Housing and Urban Development, also known as HUD, is a Cabinet department in the Executive branch of the United States federal government...
(HUD) for 623 Section 8 New Construction units totaling $1.9 million. In-house mortgage loan underwriting
Underwriting
Underwriting refers to the process that a large financial service provider uses to assess the eligibility of a customer to receive their products . The name derives from the Lloyd's of London insurance market...
and the Kentucky Appalachian Housing Programs were established in 1976.
In 1978, the debt ceiling was raised by the General Assembly from $400 million to $700 million.
KHC purchased Wheelwright, Kentucky
Wheelwright, Kentucky
As of the census of 2000, there were 1,042 people, 203 households, and 146 families residing in the city. The population density was 598.0 people per square mile . There were 236 housing units at an average density of 135.4 per square mile...
an abandoned coal company town in eastern Kentucky, to rehab and resell housing to its residents in 1979.
1980s
KHC’s debt ceiling was raised to $1.125 billion by the General Assembly in 1982. The first Governor’s Housing Conference was held in 1984 and grants for two programs were developed, Energy Repairs for the Elderly and Training for Affordable Construction. Three new KHC programs were added in 1985, Senior and Special Needs Housing Program, Homeownership Trust Fund for 1-6 percent loans, and the Kentucky Indoor Plumbing Program. In that same year, KHC purchased property at 1225 and 1231 Louisville Road in Frankfort, Kentucky, to construct a new office building.In 1987, the Housing Foundation, a 501(c)3 nonprofit, was established to attract charitable contributions for affordable housing. Also in 1987, KHC was appointed to administer the federal Low-Income Housing Tax Credit
Low-Income Housing Tax Credit
The Low Income Housing Tax Credit is a dollar-for-dollar tax credit in the United States for affordable housing investments. It was created under the Tax Reform Act of 1986 that gives incentives for the utilization of private equity in the development of affordable housing aimed at low-income...
Program for Kentucky. KHC created an in-house Loan Servicing
Loan servicing
Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers...
program in 1989.
1990s
In 1990, KHC’s “Yes You Can” (homeownership education course) and Rental Deposits Surety Programs were developed. KHC became the first state Housing Finance Agency (HFA) to receive AAA bond credit ratingBond credit rating
In investment, the bond credit rating assesses the credit worthiness of a corporation's or government debt issues. It is analogous to credit ratings for individuals.-Table:...
from Standard & Poor's
Standard & Poor's
Standard & Poor's is a United States-based financial services company. It is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds. It is well known for its stock-market indices, the US-based S&P 500, the Australian S&P/ASX 200, the Canadian...
in 1991 and began administering the Family Self-Sufficiency Program.http://www.alacrastore.com/research/moodys-global-credit-research-MOODY_S_ASSIGNS_Aaa_RATING_TO_KENTUCKY_HOUSING_CORPORATION_HOUSING_REVENUE_BONDS_2010_SERIES_A_NON_AMT_AND_2009_SERIES_C_1_NON_AMT-NIR_806927470_16368602
In 1992, the Affordable Housing Trust Fund (AHTF) was established by the General Assembly, without a designated permanent funding source, to serve the state’s lowest-income population with critical housing needs. KHC began administering all federal McKinney–Vento Homeless Assistance Act homeless funding programs in 1993 and received a $400,000 grant from HUD in 1994 for the HOPE Rental Assistance Program.
The Housing Policy Advisory Committee was created by the General Assembly in 1996 to establish state policy on housing issues. In 1997, KHC contributed to the Jimmy Carter
Jimmy Carter
James Earl "Jimmy" Carter, Jr. is an American politician who served as the 39th President of the United States and was the recipient of the 2002 Nobel Peace Prize, the only U.S. President to have received the Prize after leaving office...
Work Project, Hammering in the Hills, and participated with Habitat for Humanity
Habitat for Humanity International
Habitat For Humanity International , generally referred to as Habitat for Humanity or simply Habitat, is an international, non-governmental, non-profit organization devoted to building "simple, decent, and affordable" housing, a self-described "Christian housing ministry." The international...
in eastern Kentucky
Eastern Mountain Coal Fields
The Eastern Mountain Coal Fields is part of the Central Appalachian bituminous coal field, covering all or parts of 30 Kentucky counties and adjoining areas in Ohio, West Virginia, Virginia and Tennessee. It covers an area from the Allegheny Mountains in the east across the Cumberland Plateau and...
including sponsorship of two house builds. In 1998, KHC provided housing assistance to 253 households rendered homeless by the 1997 Ohio River Valley flood. Later that year, the AHTF received allocation of unclaimed lottery
Lottery
A lottery is a form of gambling which involves the drawing of lots for a prize.Lottery is outlawed by some governments, while others endorse it to the extent of organizing a national or state lottery. It is common to find some degree of regulation of lottery by governments...
winnings in excess of $6 million annually received by the General Assembly for the next biennium. In 1999, KHC received a HUD grant of $290,281 to expand homeownership education and counseling programs and the AHTF was funded by unclaimed lottery winnings totaling $5.8 million.
2000–2005
In 2000, the General Assembly raised KHC’s debt ceiling to $2.5 billion, as well as continued the allocation of unclaimed lottery winnings for the AHTF for another two years. http://www.lrc.ky.gov/KRS/198A00/715.PDFMorehead State University
Morehead State University
Morehead State University is a public, co-educational university located in Morehead, Kentucky, United States in the foothills of the Daniel Boone National Forest in Rowan County, midway between Lexington, Kentucky, and Huntington, West Virginia. The 2012 edition of "America's Best Colleges" by U.S...
was contracted in 2001 to conduct a statewide homeless study and the University of Louisville
University of Louisville
The University of Louisville is a public university in Louisville, Kentucky. When founded in 1798, it was the first city-owned public university in the United States and one of the first universities chartered west of the Allegheny Mountains. The university is mandated by the Kentucky General...
was contracted to conduct a statewide housing needs assessment. KHC’s Board of Directors
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
adopted a universal design policy
Accessibility
Accessibility is a general term used to describe the degree to which a product, device, service, or environment is available to as many people as possible. Accessibility can be viewed as the "ability to access" and benefit from some system or entity...
to require building concepts that support minimal alteration to accommodate changing needs of current and future residents. Also in 2001, the First Appalachian Housing Summit was hosted by Kentucky Housing Corporation in Prestonsburg, Kentucky
Prestonsburg, Kentucky
Prestonsburg is a city in and the county seat of Floyd County, Kentucky, United States. It lies in the eastern part of the state, along the banks of the Levisa Fork of the Big Sandy River. It was founded in 1797 by Col. John Preston—for whom it was named—along with Solomon Stratton, Matthias...
.
In 2002, KHC was one of eight state HFAs selected to participate in the National Homeless
Homelessness
Homelessness describes the condition of people without a regular dwelling. People who are homeless are unable or unwilling to acquire and maintain regular, safe, and adequate housing, or lack "fixed, regular, and adequate night-time residence." The legal definition of "homeless" varies from country...
Policy Academy by HUD and the United States Department of Health and Human Services
United States Department of Health and Human Services
The United States Department of Health and Human Services is a Cabinet department of the United States government with the goal of protecting the health of all Americans and providing essential human services. Its motto is "Improving the health, safety, and well-being of America"...
. The General Assembly adopted federal income guidelines in qualifying home buyers rather than using the lower state income guidelines. KHC’s Board of Directors also raised the maximum home purchase price from $99,000 to $144,000.
The AHTF received funds of $6.2 million designated by the General Assembly following discontinuance of the lottery appropriation in 2003. Also in 2003, KHC received a grant for $454,280 from the Corporation for Supportive Housing to integrate state systems, help establish 532 units of supportive housing, and increase awareness of the need for supportive housing.
In 2004, KHC established regional offices. Also, KHC’s Renaissance Kentucky program named Hodgenville, Kentucky
Hodgenville, Kentucky
Hodgenville is a city in and the county seat of LaRue County, Kentucky, United States. It sits along the North Fork of the Nolin River. The population was 2,874 at the 2000 census...
, as the 100th participating community and the National Council of State Housing Agencies
National Council of State Housing Agencies
The United State’s Housing Finance Agencies created the National Council of State Housing Agencies as a nonprofit organization more than 30 years ago to coordinate and leverage their federal advocacy efforts for affordable housing...
(NCSHA) recognized KHC for the HouseWorks program.
Governor Ernie Fletcher
Ernie Fletcher
Ernest Lee "Ernie" Fletcher is a Republican politician from the U.S. state of Kentucky. In 1999, he was elected to the first of three consecutive terms in the United States House of Representatives; he resigned in 2003 after being elected the 60th governor of Kentucky and served in that office...
launched Recovery Kentucky in 2005 to reduce chronic homelessness for drug and alcohol addicted Kentuckians and charged KHC with the administration of the program. A new Housing Choice Voucher to Homeownership program was started for Section 8
Section 8 (housing)
Section 8 of the United States Housing Act of 1937 , as repeatedly amended, authorizes the payment of rental housing assistance to private landlords on behalf of approximately 3.1 million low-income households...
rental assistance participants and a statewide, Don’t Borrow Trouble task force was established to raise awareness of predatory lending.
2006–2010
In 2006, Kentucky’s Ten-Year Plan to End Chronic Homelessness was unveiled by Governor Fletcher, legislation establishing a permanent funding source for AHTF was passed by the General Assembly, and Hurricane KatrinaHurricane Katrina
Hurricane Katrina of the 2005 Atlantic hurricane season was a powerful Atlantic hurricane. It is the costliest natural disaster, as well as one of the five deadliest hurricanes, in the history of the United States. Among recorded Atlantic hurricanes, it was the sixth strongest overall...
victims were helped by KHC with housing assistance. That same year, KHC had $500 million in more than 5,000 home loans and raised the maximum home purchase price to $200,000 and the income level up to $90,440.
Ground was broken for seven Recovery Kentucky centers in 2006 and supportive housing was provided to 776 individuals who were victims of domestic violence, persons with mental illness, and homeless families, through the new Safe Havens program designed to help end chronic homelessness.
KHC celebrated its 35th anniversary in 2007. Lee Square, a 27-home community renovation project in Bowling Green, was also opened. A Recovery Kentucky center development broke ground in Owensboro, Kentucky
Owensboro, Kentucky
Owensboro is the fourth largest city by population in the U.S. state of Kentucky. It is the county seat of Daviess County. It is located on U.S. Route 60 about southeast of Evansville, Indiana, and is the principal city of the Owensboro, Kentucky, Metropolitan Statistical Area. The city's...
, and another center opened in Henderson, Kentucky
Henderson, Kentucky
Henderson is a city in Henderson County, Kentucky, United States, along the Ohio River in the western part of the state. The population was 27,952 at the 2010 census. It is part of the Evansville Metropolitan Area often referred to as "Kentuckiana", although "Tri-State Area" or "Tri-State" are more...
. A new Scholar House development broke ground in Bowling Green
Bowling Green, Kentucky
Bowling Green is the third-most populous city in the state of Kentucky after Louisville and Lexington, with a population of 58,067 as of the 2010 Census. It is the county seat of Warren County and the principal city of the Bowling Green, Kentucky Metropolitan Statistical Area with an estimated 2009...
and another was under construction in Louisville
Louisville, Kentucky
Louisville is the largest city in the U.S. state of Kentucky, and the county seat of Jefferson County. Since 2003, the city's borders have been coterminous with those of the county because of a city-county merger. The city's population at the 2010 census was 741,096...
.
In 2008, Governor Steve Beshear
Steve Beshear
Steven Lynn "Steve" Beshear is an American politician who is the 61st Governor of the Commonwealth of Kentucky. A Democrat, Beshear previously served in the Kentucky House of Representatives from 1974 to 1979, was the state's Attorney General from 1980 to 1983, and was Lieutenant Governor from...
established the Recovery Kentucky Task Force to further help Kentuckians through the Recovery Kentucky program.http://governor.ky.gov/pressrelease.htm?PostingGUID={3C966191-DD90-431F-8957-87498C96E90C} Three Recovery Kentucky centers opened in Florence
Florence, Kentucky
Florence is a city in Boone County, Kentucky, United States. The population was 29,951 at the 2010 census.-History:The Florence area was originally known as Crossroads, because of the convergence of several roads from Burlington and Union at Ridge Road...
, Morehead
Morehead, Kentucky
As of the census of 2010, there were 6,845 people, households, and families residing in the city. The population density was 726.2 people per square mile. There were 2,356 housing units at an average density of 253.3 per square mile. The racial makeup of the city was 93.2% White, 3.2% African...
, and Richmond
Richmond, Kentucky
There were 10,795 households out of which 24.4% had children under the age of 18 living with them, 35.2% were married couples living together, 12.8% had a female householder with no husband present, and 48.6% were non-families. Of all households, 34.7% were made up of individuals and 8.8% had...
. The Kentucky Homeownership Protection Center was created by the General Assembly to help homeowners avoid foreclosure
Foreclosure
Foreclosure is the legal process by which a mortgage lender , or other lien holder, obtains a termination of a mortgage borrower 's equitable right of redemption, either by court order or by operation of law...
, which absorbed the Don’t Borrow Trouble task force. KHC participated with the federal Housing and Economic Recovery Act of 2008
Housing and Economic Recovery Act of 2008
The Housing and Economic Recovery Act of 2008 designed primarily to address the subprime mortgage crisis. It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders write-down principal loan balances to 90...
, created to address the subprime mortgage crisis
Subprime mortgage crisis
The U.S. subprime mortgage crisis was one of the first indicators of the late-2000s financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages....
. KHC’s bond ceiling was increased from $2.5 billion to $5 billion. HUD awarded a record $17.2 million in grants to help fund 76 homeless programs. The first two Scholar House facilities opened in Louisville and Owensboro. Staff conducted the KHC Listening Tour to learn of local affordable housing needs across the state.
In 2009, in conjunction with the American Recovery and Reinvestment Act of 2009
American Recovery and Reinvestment Act of 2009
The American Recovery and Reinvestment Act of 2009, abbreviated ARRA and commonly referred to as the Stimulus or The Recovery Act, is an economic stimulus package enacted by the 111th United States Congress in February 2009 and signed into law on February 17, 2009, by President Barack Obama.To...
, KHC launched Kentucky’s Housing and Emergency Assistance Reaching The Homeless program in addition to the Tax Credit Assistance, Tax Credit Monetization, and Weatherization
Weatherization
Weatherization or weatherproofing is the practice of protecting a building and its interior from the elements, particularly from sunlight, precipitation, and wind, and of modifying a building to reduce energy consumption and optimize energy efficiency.Weatherization is distinct from building...
Assistance Programs. Also, the Kentucky Homeownership Protection Center received a $1.5 million grant to provide counseling services. Two Recovery Kentucky centers were opened in Erlanger
Erlanger, Kentucky
Erlanger is a city in Kenton County, Kentucky, United States. The population was 16,676 at the 2000 census.- Geography :Erlanger is located at ....
and Harlan
Harlan, Kentucky
Harlan is a city in Harlan County, Kentucky, United States. The population was 2,081 at the 2000 census and was estimated at 1,880 in 2007. It is the county seat of Harlan County.-History:...
and a Scholar House opened in Bowling Green.
In 2010, KHC hit historic lows for interest rates. http://www.youtube.com/watch?v=1ibtduVcBe0
Funding
A portion of KHC's funds are derived from the interest earned through the sale of tax-exempt mortgage revenue bonds. KHC also operates through the receipt of fees for administering federal programs including rental assistance that makes housing available to low-income Kentuckians.Programs/Functions
KHC’s programs and/or functions include rental housing and home production financing, homeownership, education and/or counseling towards homeownership, rental assistance, housing rehabilitation, home repair initiatives, loan servicing, special needs housing, and ending homelessness initiatives.Board of directors
KHC is governed by a 15-member Board of Directors consisting of ten private members appointed by the governor who represent designated interests in affordable housing (home construction industry, nonprofit housing organizations, financial institutions, consumers, financial professionals, local government, real estate practitioners, state building trades council, homeless, and manufactured housing). The private members serve four-year terms. The five public members are state government officials whose participation on the Board is part of the responsibilities of their positions (lieutenant governor, attorney general, secretary of the Finance and Administration Cabinet, secretary of the Economic Development Cabinet, and the commissioner of the Department for Local Government). http://www.lrc.ky.gov/krs/198A00/030.PDFRegular meetings of the Board of Directors are held at 2 p.m., ET, on the last Thursday in February, April, May, August, and October and at 10 a.m. the second Thursday in December at KHC’s offices in Frankfort, Kentucky
Frankfort, Kentucky
Frankfort is a city in Kentucky that serves as the state capital and the county seat of Franklin County. The population was 27,741 at the 2000 census; by population it is the 5th smallest state capital in the United States...
, unless otherwise designated by the Board. There are three standing committees of the Board (Executive, Finance, and Communications) that meet on an as-needed basis. The public and press are notified of all meetings in accordance with the Kentucky Open Meetings Law.
Current Board
- William E. Summers, V, Board Chairman, Financial Professional
- Horace Alton Cunningham, Kentucky State Building Trades Council
- Carolyn Stone Edwards, Real Estate Practitioners Representative
- Stacey Epperson, President & CEO Frontier Housing, Nonprofit Housing Organizations Representative
- Keith L. Free, Consumers Representative
- Samuel E. Lee, Manufactured Housing Representative
- F. Lynn Luallen, Housing Construction Industry Representative
- Gail J. Melvin, Local Government Representative
- Porter G. Peeples, Sr., President and CEO of The Urban League of Lexington/Fayette County, Homeless Representative
- David A. Wombwell, Market President U.S. Bank, Financial Institutions Representative
Ex Officio Members
- Daniel MongiardoDaniel MongiardoFrank Daniel Mongiardo is an American physician and politician from Kentucky. Mongiardo is a Democrat and has been Lieutenant Governor of Kentucky since 2007. He was a member of the Kentucky State Senate from 2001 to 2007. He also ran for the U.S...
, Lieutenant Governor - Jack ConwayJack Conway (politician)John William “Jack” Conway is an American politician from Kentucky. Conway is a Democrat and has served as the Attorney General of Kentucky since 2008. Prior to his election as attorney general, he was a candidate in the 2002 U.S. House of Representatives election for , narrowly losing to Anne...
, Attorney General, Commonwealth of Kentucky - Larry Hayes, Secretary of Economic Development, Commonwealth of Kentucky
- Jonathan Miller, Secretary of Finance and Administration, Commonwealth of Kentucky
- Tony Wilder, Commissioner of Department for Local Government, Commonwealth of Kentucky
Executive Management
- Richard L. McQuady, Chief Executive Officer
- Mark Offerman, Deputy Chief Executive Officer and Chief Operating Officer
- Brenda Weaver, Chief Programs and Policy Officer
- John D. Herald, Chief Financial Officer
See also
- National Council of State Housing AgenciesNational Council of State Housing AgenciesThe United State’s Housing Finance Agencies created the National Council of State Housing Agencies as a nonprofit organization more than 30 years ago to coordinate and leverage their federal advocacy efforts for affordable housing...
- Housing Finance Agencies
- KentuckyKentuckyThe Commonwealth of Kentucky is a state located in the East Central United States of America. As classified by the United States Census Bureau, Kentucky is a Southern state, more specifically in the East South Central region. Kentucky is one of four U.S. states constituted as a commonwealth...