Kentucky assistance fund launched to help avoid foreclosures

WUKY | By Karyn Czar,

Associated Press

Published February 8, 2022 at 11:01 AM EST

Gov. Andy Beshear has launched a federally backed assistance fund that’s aimed at helping pandemic-affected homeowners avoid foreclosure. More from WUKY's Karyn Czar.

The program is funded through $85.4 million in federal American Rescue Plan Act funds that the state received to protect homeowners impacted by COVID-19. The governor launched the program Monday along with the Kentucky Housing Corp. Under the program, qualifying homeowners can visit TeamKYHAF.ky.gov to apply for up to $35,000 in assistance. The governor’s office says the aid can help with delinquent mortgage payments, property taxes, homeowner’s and/or flood insurance, homeowners association fees and utility costs.