Paducah’s Planning Department is accepting applications for seven, new, subsidized homes to be built in the city’s Fountain Avenue neighborhood. To qualify, yearly household income must not exceed $45,850 for a family of four. A $309,000 grant from the Kentucky Housing Corporation will subsidize construction. Paducah Planning Director Steve Ervin estimates a $120,000 home would end up costing qualified applicants only about $70,000.
Paducah’s City Commissioners took another step toward revitalizing Fountain Avenue during their meeting Tuesday night. They approved a municipal order to apply for a Kentucky Housing Corporation HOME Grant of $308,000. The money will help fund the construction of seven new homes in the Fountain Avenue neighborhood. Mayor Bill Paxton said the neighborhood developed in the 1950’s and has since deteriorated.