Kentucky Housing Corporation and Habitat for Humanity of Henderson Dedicate Home Build 75
FRANKFORT, Kentucky — “I never thought I would have a real home,” said Karen Raber in December 2021 to a small crowd gathered at the groundbreaking for what would become her first house. Nearly a year later, that “real home” now complete, Kentucky Housing Corporation (KHC), Habitat for Humanity of Henderson, and others joined Karen on Thursday, October 27 at her new house to celebrate the milestone with a formal dedication and key ceremony.
The Raber home is part of Habitat for Humanity’s flagship homeownership program. In order to qualify, applicants must demonstrate financial need, determined by Area Median Income (AMI); a willingness to participate in the construction or related volunteer service through “sweat equity”; and the ability to pay the mortgage. Approved applicants are able to finance their homes through Habitat at zero percent interest for terms of 15 to 30 years.
KHC supported this project with $40,000 from the Kentucky Affordable Housing Trust Fund. Support also came from the City of Henderson and the Federal Home Loan Bank of Cincinnati.
“My favorite part is every single square foot,” Karen said of her home. “I just love it. I just love every part of it.”
The Raber home is build 75 for Habitat of Henderson, which currently has five other KHC-supported homes under construction.
To learn about the homeownership program in your area, contact your local Habitat or call 1-800-HABITAT (1-800-422-4828). Habitat of Henderson’s next application round runs from January 3 to February 28, 2023.
Kentucky Housing Corporation, the state housing finance agency, was created by the 1972 General Assembly to provide affordable housing opportunities. As a self-supporting, public corporation, Kentucky Housing offers down payment assistance loans to assist first-time homebuyers obtain home mortgages, housing production financing, homeownership education/counseling, rental assistance, housing rehabilitation, and supportive housing programs for special needs populations.
