Kentucky, Indiana Will Receive Some of $3 Billion in Housing Aid

Kentucky and Indiana will receive portions of $3 billion in housing aid to assist unemployed homeowners who are nearing foreclosure. The Treasury Department announced recently that 17 states with unemployment rates higher than the national average will receive the funds. Under the plan, Kentucky will receive $56 million, and Indiana will get $83 million. Kentucky Governor Steve Beshear was pleased with the announcement. He said, “These funds will help active job seekers bridge the gap for a few months with their mortgage payments.” The Kentucky Housing Corporation is planning to announce the allocation of the funds in the coming weeks. The Indiana Housing & Community Development Authority has not released their plans on how they will disburse the funds to unemployed homeowners. Struggling Kentucky homeowners who need free advice on how to keep their homes can visit or call 866-830-7868. The Obama administration plans to use $1 billion to fund another program designed to provide struggling homeowners with emergency zero interest rate loans of up to $50,000 for up to two years. The Department of Housing and Urban Development is overseeing this program, and they plan to release details about it in the near future. The Louisville real estate professionals at Louisville Properties welcome any program that helps struggling homeowners remain in their homes. If you’re tired of staying in your current home and are looking for a new Louisville house, condominium, farm, country estate or other type of real estate, call the experts at Louisville Properties today at 502.744.9504. No other Louisville real estate company has more Louisville homes from which to choose or more experience helping people buy and sell homes.

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James Powell

Jim Powell has over 20 years of experience buying and selling luxury real estate in Louisville, KY and Managing over hundreds or rental properties across the city.
Jim Powell (License #191501)

Lauren Ghanavatian

Lauren Ghanavatian attended Assumption High School and the University of Louisville. Growing up in Louisville gave her a sense of the unique and diverse communities this city has to offer.

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Louisville Properties is a full service Louisville Real Estate Company for buyers and sellers of real estate. We offer the following services
3418 Frankfort Ave #100 Louisville, KY 40207 Louisville, KY 40207
United States
Phone: 1-502-744-9504

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