Building Housing Development Capacity in Kentucky
GrantID: 12085
Grant Funding Amount Low: $5,000,000
Deadline: March 23, 2023
Grant Amount High: $50,000,000
Summary
Explore related grant categories to find additional funding opportunities aligned with this program:
Financial Assistance grants, Higher Education grants, Non-Profit Support Services grants, Other grants.
Grant Overview
Workforce Housing Challenges in Kentucky
Kentucky faces significant barriers in workforce housing, particularly in urban centers like Louisville and Lexington. With a growing population, the demand for affordable housing has outstripped supply, leading to increased housing costs and a lack of suitable options for low-income workers. According to the Kentucky Housing Corporation, approximately 60% of renters in these urban areas are cost-burdened, spending more than 30% of their income on housing.
This issue primarily impacts essential workers, including teachers, healthcare providers, and service industry employees who cannot afford housing close to their workplaces. The lack of affordable workforce housing puts pressure on these professional sectors, making it difficult for employers to recruit and retain talent. For example, teachers commuting long distances to work can lead to higher turnover rates, affecting the quality of education in local schools.
To combat this housing crisis, the Workforce Housing Development Project has been established to fund the construction and renovation of affordable housing units in urban areas across Kentucky. The project aims to create approximately 1,500 new affordable housing options, meeting the needs of the local workforce and alleviating the financial strain on employees.
By strategically investing in housing developments situated near employment centers, the initiative not only addresses immediate housing needs but also fosters community stability. Providing affordable housing options ensures that workers can live closer to their jobs, increasing job satisfaction and productivity. This project stands out in Kentucky's strategy to enhance workforce retention amid the challenges posed by the rising cost of living in its urban areas, providing targeted solutions that reflect the state's unique housing landscape.
Eligible Regions
Interests
Eligible Requirements
Related Searches
Related Grants
Funds Grants of All Kinds Across the Globe to 501(c)(3) Nonprofit Organizations
Grants funded often center on child welfare, social justice, and access to education, but the Founda...
TGP Grant ID:
43631
Grants to Mentored Research Scientist Career Development Award
The primary purpose of the program is to help ensure that a diverse pool of highly trained scientist...
TGP Grant ID:
11382
Cares Community Grants
Grant for organizations whose mission or core programs meet these pressing issues head on, this gran...
TGP Grant ID:
21874
Funds Grants of All Kinds Across the Globe to 501(c)(3) Nonprofit Organizations
Deadline :
2099-12-31
Funding Amount:
Open
Grants funded often center on child welfare, social justice, and access to education, but the Foundation funds grants of all...
TGP Grant ID:
43631
Grants to Mentored Research Scientist Career Development Award
Deadline :
2025-11-10
Funding Amount:
$0
The primary purpose of the program is to help ensure that a diverse pool of highly trained scientists is available in appropriate scientific disciplin...
TGP Grant ID:
11382
Cares Community Grants
Deadline :
2099-12-31
Funding Amount:
$0
Grant for organizations whose mission or core programs meet these pressing issues head on, this grant provides financial contributions and donations o...
TGP Grant ID:
21874