Housing trust fund

The Department of Housing and Urban Development awarded Kentucky Housing Corp $3.134 million under the Housing Trust Fund (CFDA 14.275) formula grant on September 15, 2025, for affordable rental housing acquisition and rehabilitation targeting extremely low-income households.

Kentucky Housing Corp, a state government entity and child of the Commonwealth of Kentucky, serves as the prime recipient and administers the award as a Unified Funding Agency, distributing funds to local nonprofit sub-recipients including Welcome House Inc., Brighton Center, Community Action Council for Lexington-Fayette, Zerov Inc., Independent Living Options, Kentucky River Community Care, Gateway Homeless Coalition, and Pennyroyal Regional Mental Health Board. These sub-recipients deliver housing assistance, case management, rental support, and related services across all 120 Kentucky counties.

Performance runs through September 15, 2032, with place of performance in Frankfort, Kentucky. The Housing Trust Fund program provides states formula-allocated funds to expand and preserve affordable rental housing supply for extremely low-income and very low-income households. Grantees must submit Housing Trust Fund allocation plans no later than August 16, 2026, as part of their annual action plan and certifications. Under program requirements, all obligated funds must be committed to projects within 24 months of award and expended within five years; once drawn down, funds must be expended within fifteen days.