NewsGovernmentState GovernmentKentucky State Government News


Kentucky assistance fund launched to help avoid foreclosures

Posted at 11:13 AM, Feb 08, 2022
and last updated 2022-02-08 11:13:36-05

FRANKFORT, Ky. (AP) — Gov. Andy Beshear has launched a federally backed assistance fund that’s aimed at helping pandemic-affected homeowners avoid foreclosure.

The program is funded through $85.4 million in federal American Rescue Plan Act funds that the state received to protect homeowners impacted by COVID-19. The governor launched the program on Monday along with the Kentucky Housing Corp.

Under the program, qualifying homeowners can visit to apply for up to $35,000 in assistance, the governor’s office said. The aid can help with delinquent mortgage payments, property taxes, homeowner’s and/or flood insurance, homeowners association fees and utility costs.

If approved, the funds will be paid as a grant directly to mortgage servicers, utility companies, county property tax administrators, insurance agencies or homeowners associations.

“Kentuckians’ homes have been critical during this pandemic and now as cases continue to go down, these funds help ensure each family has their home to help them recover,” the governor said.