Affordable Housing

Our grant-funded program assists families living at or below 80 percent of the median income. This includes graduates of KRFDC’s Supportive Housing Program who were previously homeless. A very-low, affordable interest rate loan covers part of the home, and the rest is funded through grant support from the Kentucky Housing Corporation.

Throughout the homeownership journey, we provide continuous support, offering case management and advocacy for self-sufficiency and self-reliance.

Download & Fill Out the Forms Below

Affordable Housing Application
Credit Report Authorization

Our Affordable Housing Program offers free homeownership counseling in Estill and Powell County. Through homebuyer education classes and personalized coaching, we help many families achieve the dream of homeownership. The counseling program covers essential aspects of the homebuying process, including:

• Navigate the mortgage application process.
• Understand down payment and closing costs.
• Master credit repair and effective budgeting.
• Make informed decisions about credit.
• Set and achieve financial goals.
• Become a savvy consumer.
• Establish emergency savings funds.
• Learn the essentials of home maintenance.

We purchase property and construct the homes we sell, ensuring quality and affordability.

To qualify, participants must meet the following criteria:

• Monthly income should not exceed 80% of the current HUD income guidelines.
• Monthly income must support a mortgage payment for a modest home in Powell County and Estill County.
• Willingness to actively engage in necessary actions, such as contacting creditors and addressing delinquent credit/collections.
• Participants must demonstrate assertiveness for credit repair and cooperation throughout the program.

Program Exclusion: Participants failing to meet outlined requirements may be excused from the program if deemed necessary.

Our TBRA Program provides temporary rental assistance to low-income households (60% or below area median income) in Clark, Estill, Madison, and Powell Counties. Assistance includes rental support, security deposit aid, and a utility allowance for those who qualify. Please note that while we strive to assist as many eligible applicants as possible, our program operates on a waiting list basis due to high demand. Currently, there are over 200 applicants on our waiting list, and we appreciate your understanding that assistance may not be immediately available upon filling out an application.

Click here for an application

We’re dedicated to revitalizing homes in partnership with Rural Development and the Kentucky Housing Corporation. Here’s what you need to know:

Rural Development Partnership:

• Eligibility: Homeowners must own their home and property (if applicable, for mobile homes) and be 62 years or older to qualify for grants.
• Grant Details: Grants vary in dollar amount depending on the program, with an average of $7,499. Please note, a processing fee of $750 is deducted from the grant.
• Options: Applicants can also apply for loans or grant/loan combinations.
• Considerations: Rural Development considers factors like credit and household income, which must meet very low-income guidelines.

Kentucky Housing Corporation Partnership:

• Eligibility: Homeowners must own their home and property (if applicable, for mobile homes) and fall at or below 60% of the area median income.
• Grant Details: Up to $20,000 in grant dollars are available.
• Standards: Homes must meet Minimum Habitability Standards determined by the Kentucky Housing Corporation after work is complete. If these standards aren’t met, the property is ineligible for funding.
• Restriction: A five-year deed restriction will be placed on the property to ensure compliance.

Managed by KRFDC, Holly Street Apartments offer a structured community for individuals committed to sustaining recovery efforts. This safe and stable living environment, funded by the Kentucky Housing Corporation, helps individuals rebuild their lives after completing a residential substance abuse recovery or treatment program.

Program Benefits: Rebuilding Lives and Families

Holly Street Apartments provide a safe and nurturing environment for recovering individuals. Participation in an Aftercare Program, covering topics like relapse prevention and life skills, is mandatory for all tenants. Failure to attend program meetings may result in discharge and eviction.

Housing Program Details: Comfortable Living with Income-Based Rates

Located at 135 Holly St. in Richmond, Holly Street Apartments offer eight housing units, including a fully handicap-accessible two-bedroom apartment. Income-based housing includes amenities like a washer/dryer, storage space, and a designated parking lot. Winterwood, Inc. manages the property to ensure compliance with funding regulations.

For more information contact:
Debbie Sills
Winterwood Property Manager
(859) 625-0104 ext. 1403