Kentucky Mountain Housing Development Corporation (KMHDC)

The Kentucky Mountain Housing Development Corporation (KMHDC), a church-related organization, provides affordable and safe housing for low-income families in the southeastern counties of Clay and Jackson, where an estimated 39.7 percent and 30.2 percent of families, respectively, live in poverty. Founded in 1973, the corporation initially received funding and volunteer services from two local churches. Early support was also provided through the Daniel Boone Development Council, a local community action agency. KMHDC constructs new homes and repairs abandoned homes for these low- and very-low-income families by making affordable loans and grants, historically making available more than 90 percent of its grants and financing to this population. KMHVDC maintains two offices, one in each county, where loan applications, homeownership counseling, and house payment collection are conducted.

The goal of this program is to provide safe and affordable low-income housing in Clay and Jackson Counties.

The corporation established its own revolving loan fund in 1981 to provide financing for families that could not qualify for loans from other sources. The fund has financed 344 new homes and 415 home repairs for families with incomes averaging below $12,000 per year. Since its inception, KMHDC has built 640 new homes, developed three subdivisions, and built five apartments buildings designated for low-income rentals.