Federation of Appalachian Housing Enterprises Inc.
Kentucky River Community Care Inc. Hazard, KY
Case managers at Kentucky River Community Care Inc. (KRCC), a nonprofit community mental health center established in 1969 to serve an eight-county region of southeastern Kentucky, recognized that many of their clients lacked access to decent, affordable housing, which undermined their ability to succeed in their treatment. Indeed, managers were spending much time trying to help their clients find rental units—no small task in the small communities where KRCC works.
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In 2006, KRCC decided to build new rental properties for its clients in three of the most impoverished rural communities in its service area. Realizing they needed the services of an affordable housing expert, KRCC turned to the Federation of Appalachian Housing Enterprises Inc. (FAHE) of Berea, Kentucky.
Founded in 1980, FAHE serves the Appalachian states of Kentucky, Tennessee, Virginia, and West Virginia by providing access to financial services to a member network of more than 40 local community agencies working to eliminate poverty in the region. Over the years, FAHE has invested more than more than $60 million to build more than 6,000 new, affordable homes and to preserve more than 33,000 units of existing housing.
For Red Bud Housing, as the KRCC project came to be known, FAHE provided consulting services, including project planning and assistance with grant applications, and served as the syndicator of $2.95 million in low-income housing tax credits through FAHE capital’s equity fund. For long-term management of the properties, FAHE connected KRCC with one of its members, Community Housing Inc., which specializes in managing affordable rental homes for special-needs residents.
Red Bud Housing was completed in less than a year, providing 32 affordable, two-bedroom rental units for special-needs populations, including survivors of domestic violence and people with serious mental illnesses or in recovery from substance abuse. All the units in Red Bud Housing were rented the first day they became available in 2007. KRCC is already partnering with FAHE on two new projects that will create 70 more units.
“FAHE was a partner at the table in terms of helping us think through how to minimize the risk of the project and to serve the population that needed this housing,” says Sheila Allen, KRCC’s Administrator for Executive Services. “Without them, it would have taken us a lot longer to come up with a workable model.”
