WMKY

home loans

U.S. Agriculture Secretary Tom Vilsack says Kentucky, West Virginia, Tennessee and Louisiana are being included in a federal program intended to help persistently poor rural communities. The secretary made the announcement on Friday (January 17) at the Pine Mountain State Resort Park.

Vilsack says the so-called StrikeForce initiative will enable 73 Kentucky counties to take advantage of USDA programs involving conservation, food assistance and home and business loans.

Alternative Home Loan Fund Established

Dec 16, 2013

A long standing central Kentucky non-profit, the Attorney General’s Office, and five banks are establishing a five million dollar home loan fund.  

Community Ventures Corporation CEO Kevin Smith says the program is aimed at assisting up to 70 families who can’t qualify for traditional bank financing.

“In many of our neighborhoods, we’re sitting on a bunch of vacant houses that are being vandalized, people are steeling copper out of them, or out of area landlords are buying them up and renting them out,” said Smith.