Tagged: Kentucky Housing Corporation

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.