FOR IMMEDIATE RELEASE
Krista Buckel
Krista.Buckel@cvky.org
859-231-0054 x1034
1450 North Broadway
Lexington, KY 40505
LEXINGTON, KY. (September 29, 2023) – Community Ventures (CV) today announced that $50,000 in funding from NeighborWorks America (NWA) will advance the Kentucky non-profit’s efforts to support underserved homeowners in two neighborhoods in Fayette and Bourbon Counties. CV will use these funds to preserve home equity, reduce housing costs and associated housing burdens, and ensure the long-term affordability of homeownership in the East End of Lexington and the West Side of Paris.
“Helping Kentuckians become homeowners or secure affordable housing strengthens families and communities,” said Paris resident and Chief Financial Officer Wiley Faw. “Our goal is to use our resources to help Kentuckians get into and successfully stay in homes, and we are grateful to NeighborWorks America for supporting these efforts in East Lexington and West Paris.”
NWA has been a long-time supporter of CV. This new funding will further CV’s work to create affordable housing solutions at The MET and innovative homeownership opportunities for artists at the Artists’ Village in the East End of Lexington. Both housing concepts were developed by CV.
The funding will also support CV’s newest effort to create affordable housing and homeownership solutions for Kentuckians living in the West Side neighborhood in Paris, Kentucky. CV met with residents, Paris city officials, and Bourbon County officials in September to discuss housing solutions.
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About Community Ventures: Founded in 1982 as a community-based, non-profit organization, Community Ventures (CV) strengthens communities and improves the overall quality of life for Kentuckians by supporting job creation, small business ownership, and home ownership. CV is headquartered in Lexington with branch locations in Bowling Green, Campbellsville, Louisville, Mayfield, Millersburg, and Owensboro. For 21 consecutive years, CV has been named Microlender of the Year by the Kentucky Small Business Administration.
About NeighborWorks America:
For more than 40 years, Neighborhood Reinvestment Corp., a national, nonpartisan nonprofit known as NeighborWorks America, has strived to make every community a place of opportunity. Our network of excellence includes nearly 250 members in every state, the District of Columbia, and Puerto Rico. NeighborWorks offers grant funding, peer exchange, technical assistance, evaluation tools, and access to training as the nation’s leading trainer of housing and community development professionals. NeighborWorks network organizations provide residents in their communities with affordable homes, owned and rented; financial counseling and coaching; community building through resident engagement; and collaboration in the areas of health, employment, and education.