Bell-Whitley Community Action Agency received notification recently of two grants that will be utilized to build new single family homes in Bell and Whitley Counties.
$241,562.00 in funding was received through a grant from the Federal Home Loan Bank Affordable Housing Program. Through a partnership with Home Federal Bank Corporation of Middlesboro, Bell-Whitley will build five new homes in the Polly Village Development in Middlesboro. The FHLB grant will be used to extend the water line, build an access road, install utilities, and provide down payment assistance to families.
Development of Polly Village began in 2001 to provide safe, affordable housing to Bell County residents who could not afford to purchase a home without financial assistance. Funding for these five new homes will comprise Phase III of the development. In the prior two phases a total of seven new homes have been built and two are under construction.
Home Federal Bank has made a financial commitment of $270,000.00 to provide mortgage loans at less than market interest rates. David B. Cook, President / CEO of Home Federal Bank stated, “Home Federal is proud to have the opportunity to partner in such a worthwhile project. This is the most viable way to provide safe, affordable home ownership to residents of Bell County who otherwise could not afford to purchase a home.”
Bell-Whitley also received notification of a grant through Kentucky Housing’s Affordable Housing Program in the amount of $189,000.00 that will be used to build new homes on scattered sites in Bell and Whitley Counties.
Peggy S. Capps, Executive Director of Bell-Whitley, when notified of the awards said, “This is validation of our work in providing home ownership to low income residents of Bell and Whitley Counties. We continue to actively pursue partners to provide safe, affordable housing in our community. We are committed to expanding our Housing Initiatives program so that more people can realize the American Dream of owning a home. Bell-Whitley also serves low income households in other ways through our Weatherization Program, Repair Affair, and through partnerships with Appalachia Service Project and Mission of Hope.”
“Bell-Whitley’s commitment to providing services to the residents of Bell and Whitley Counties could not be possible without partnerships such as this. I think I can speak for Bell-Whitley’s Board of Directors as well when I say we are truly grateful for all the support we receive from our many partners in the community,” said Capps.