- A new housing fund is aiming to build out the region’s housing stock with low-interest loans.
- Available data suggests the region housing shortage is only going to get worse without more action.
- The fund is seeking $27.5 million in investments.
A housing fund from the Northern Kentucky Catalytic Fund is aiming to increase the region’s housing stock and is seeking investors to help get it off the ground.
Dubbed the Northern Kentucky Housing Fund, the initiative represents one of the more significant and actionable solutions proposed for Northern Kentucky’s ongoing housing shortage, which fund organizers argue will only get worse if nothing changes.
“It’s important to understand that housing in our region that people can actually afford is extremely difficult to find right now,” said Catalyic Fund COO Joe Klare, who presented the details of the fund to the Covington Business Council last week…