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Plan to attend KHC's regional trainings this summer, open to all lenders. Look forward to new programs and updates to be announced during these trainings, and be one of the first "in the know." Please s
ee dates and locations below:
Tuesday, July 18, 2017
9-11 a.m. ET - Please note time change!
Greater Louisville Association of Realtors (GLAR)
6300 Dutchmans PKWY
Louisville, Kentucky 40205
Thursday, July 20, 2017
10 a.m.-Noon ET
Northern Kentucky Association of Realtors (NKAR)
7660 Turfway Road
Florence, Kentucky 41042
Monday, July 24, 2017
10 a.m.-Noon ET
Lexington-Bluegrass Association of Realtors (LBAR)
2250 Regency Road
Lexington, Kentucky 40503
Thursday, July 27, 2017
10 a.m.-Noon CT
Realtor Association of Southern Kentucky (RASK)
180 W Professional Park Ct.
Bowling Green, Kentucky 42104
Space is limited; reservations are first-come, first-served. Please RSVP to jswindler@kyhousing.org with attendee names and the location you would like to attend.
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Mortgage Bankers Association of Louisville Monthly Luncheon
KHC attended the Mortgage Bankers Association of Louisville Monthly Luncheon, Wednesday, July 12, 2017. KHC's new executive director, Edwin King, and Brenda Walker, managing director of Single-Family Programs, were there to discuss affordable homeownership in Kentucky. Edwin also shared KHC's efforts to reduce red tape, making the process of buying a home easier for both buyers and the Corporation's lending partners.
Edwin stated, "We must work together as investors, legislators, mortgage lenders, builders, nonprofits, volunteers, and government representatives to ensure that housing and homeownership is an option for Kentuckians."
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Electronic Welcome Letter from KHC to Our New Homeowners
KHC has begun emailing new borrowers of closed loans, congratulating and welcoming the new mortgagor, and sharing information about loan servicing. Part of this communication includes a survey about their experience during the loan process.
Please be sure to complete the email address of all borrowers on the Loan Review tab, in KHC's Loan Reservation System, when reserving a loan with KHC. This ensures that KHC can send these communications to new mortgagors.
A few of the positive responses KHC recently received, from new homeowners from May closings, gave special acknowledgment to the following loan officers:
- Daniel Rettig, InterLinc Mortgage Services, LLC
- Elayne Havens, American Mortgage Service Company
- Kyle Wheatley, Century Mortgage Company
- Maggie Clark, Cumberland Valley National Trust Bank
- Racee Greene, Century Mortgage Company
All five loan officers were ranked as knowledgeable, helpful, and prompt to answer questions. Good customer service increases future referrals, thank you for the good work! Stay tuned for more five-star acknowledgements next month.
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Edwin King and KHC Board Members Visit Capitol Hill Sharing Kentucky's Affordable Housing Success
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Pictured (left to right) is KHC's newly appointed executive director, Edwin King with Senator Mitch McConnell |
KHC's newly named executive director, Edwin King; along with recently named general counsel of KHC,
Jeremy Ratliff; and KHC Board member, Gale Lively visited Capitol Hill to share Kentucky's affordable housing success and garner support for federal housing programs that provide safe, quality, affordable housing to Kentucky's low-income families.
Kentucky's affordable housing initiatives-continued investment in the Section 8 Project-Based Rental Assistance program and the federal tax-exempt bond program-were shared with Senators Mitch McConnell and Rand Paul, Congressmen Hal Rogers, John Yarmuth, Brett Guthrie, and with staff from the offices of Congressman James Comer and Andy Barr.
"I am pleased with the engagement of our congressional delegates and their interest in the positive impact that the Low Income Housing Tax Credit has had on our state and their local communities," said King of his visit to Capitol Hill. "They understand that the credit is a valuable tool to incentivize private investment in Kentucky's housing and community infrastructure, which stimulates job creation and commercial support."
In recent years, there has been greater demand for a shorter supply of affordable rental housing, which has driven up costs of rents in the state. By 2020, it is estimated that over 49,000 apartment units in the state will be at risk of losing their affordability with devastating impacts on 49,000 families already struggling with economic hardship across the Commonwealth.
"Preserving the Low Income Housing Tax Credit is essential to reinvesting in aging properties to keep them affordable for our neighbors and families," said King.
Future meetings on Capitol Hill are being planned to include representation from nonprofits, developers, and other stakeholders to help legislators better understand affordable housing needs in Kentucky communities.
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