Paducah Alliance Of Neighbors

Paducah Alliance Of Neighbors Midtown Alliance Of Neighbors Division is a non-profit organization registered to receive federal grant awards. The organization focuses on providing affordable housing and community development services in Paducah, Kentucky. Through its participation in federal grant programs, Paducah Alliance Of Neighbors constructs new homes and rehabilitates existing properties to support homeownership opportunities for low to moderate-income buyers. The organization works closely with the City of Paducah to implement neighborhood revitalization strategies, particularly in the city's Southside area. As a Community Housing Development Organization (CHDO), Paducah Alliance Of Neighbors plays a crucial role in addressing local housing needs and fostering community improvement.

Recent federal grant sub-awards to Paducah Alliance Of Neighbors have supported homebuyer programs in targeted revitalization areas. The organization has received funding through the Kentucky Department For Local Government to construct new homes and acquire-rehab existing properties. Their 2024 Homebuyer Program aims to build homes in a 35-40 block area on Paducah's Southside, identified by the city as a residential revitalization focus area. This program will construct homes in an area slated for renewal efforts over the next five years. Previous programs in 2019 and 2020 provided homes in the Fountain Avenue neighborhood, taking advantage of local incentives. The grants have enabled Paducah Alliance Of Neighbors to offer affordable homeownership opportunities while contributing to broader neighborhood improvement efforts, including increasing property values and addressing vacant lots. The organization utilizes a mix of funding sources, including HOME funds and Affordable Housing Trust Fund (AHTF) resources, to support its housing development activities. In one recent program, they proposed to provide six homes for new homebuyers, with four new constructions assisted by HOME funds and two homes using AHTF funding for either new construction or acquisition-rehab.