First HOPE VI Home Purchased - March 2016!

We are pleased to report that our first of nine homes available through the HOPE VI/ Phase IV Homeownership Program was purchased March 2nd

Jessie, a hard-working young woman employed as a Vet Tech, was growing tired of paying rent and having nothing to show for it.  With an eye for a great opportunity, Jessie applied to the HOPE VI homeownership program and qualified!

With the help of the special financing available through HOPE VI, as well as other sources of funding for which Jessie was eligible through the City of Covington, Jessie was delighted to learn she could afford to buy a brand new, two-bedroom, energy-efficient home!

Both HUD and the Housing Authority of Covington congratulate Jessie on the purchase of her new home and wish her all the best!

For more information on the HOPE VI Homeownership Program, please contact Chris Bradburn at (859) 655-7316.

 

 

Jeff M. Rieck, Executive Director handing over the keys to Jessie

Home #2 - SOLD

Our second home through the HOPE VI / Phase IV Homeownership Program sold March 14!

Chris wanted to purchase a home in Covington.   After researching the market, he learned about the HOPE VI Homeownership program and the new homes being built in his old Covington neighborhood.  He decided to contact the Housing Authority of Covington to find out if he could qualify.  Chris met all the requirements of the program and thanks to special financing through HOPE VI and the City of Covington, he was able to purchase a beautiful, new home for his family!  We congratulate Chris and hope many happy memories are made in his new home! 

For information on the HOPE VI Homeownership Program, contact Chris Bradburn at (859) 655-7316.

 

 

Third Home Purchased - April 2016!

We are pleased to report that our 3rd HOPE VI/ Phase IV home was purchased April 29!

In February 2016, Lois was renting her apartment but was restless to find a new place.  She decided to explore the idea of homeownership.  Her goal was to purchase a home and have monthly payments at roughly the same amount as her rent.  She researched the market but so many of the homes she could afford were older and needed work.  After a while, she heard about the HOPE VI Homeownership program.  Lois contacted us immediately to request an information packet and was excited to learn that all the homes were newly constructed.   As  they say, the rest is history!! 

Lois soon qualified for the HOPE VI homeownership program and thereafter was approved for a first mortgage loan.  After fulfilling a few other program requirements, within two short months Lois closed on her new house!

On behalf of HUD and Housing Authority staff, we congratulate Lois and wish her many happy years in her new home! 

 

 

Fourth HOPE VI Home Purchased - June 2016

Our 4th HOPE VI/ Phase IV home was purchased June 16, 2016!

In April 2016, Kevin was making some important decisions, personally and professionally.  He wanted to own his own home but had changed jobs less than a year before.  While looking for a house, he found out about the HOPE VI homeownership program.  He toured the houses still available and decided to apply.  After filling out some initial paperwork, he learned he was eligible for the program! 

But first Kevin needed to sell a home he already owned and complete some other program requirements.  Thankfully, he got a qualified buyer for his existing home and roughly 8 weeks later he was moving in to his new house in Covington!

On behalf of HUD and Housing Authority staff, we congratulate Kevin and wish him all the best in his new home! 

 For information on the HOPE VI Homeownership Program, contact Chris Bradburn at (859) 655-7316. 

5th HOPE VI Home Sold - November 2017

Our 5th HOPE VI/ Phase IV home was purchased November 18, 2016!  

Derek had been house shopping a while when, through his realtor, he found out about the HOPE VI homeownership program.  He toured the new homes available and decided that the convenience and diversity Covington offers was a good fit.  He also saw the progress going on in Downtown Covington and adjacent neighborhoods.  Thanks to the HOPE VI homeownership program, funded through the HOPE VI grant, Derek decided that buying a brand new home in Covington was an opportunity too good to pass up!  

On behalf of HUD and Housing Authority staff, we congratulate Derek and wish him many happy years in his new home! 

For information on the HOPE VI Homeownership Program, contact Chris Bradburn at (859) 655-7316. 

 

Sixth HOPE VI Home Sold - February 2017

Our 6th HOPE VI/ Phase IV home was purchased on February 21, 2017!  

 Sydney is a young professional who works in downtown Cincinnati.  As an accountant for her company, she has a head for numbers and is quick to identify an opportunity when she sees one!  She understands the principles of investing and making her money work for her.  That’s why she decided to apply for the HOPE VI homeownership program!

 As a new homeowner, Sydney now pays a mortgage instead of rent but is building equity each month in her new home.  Sydney loves Covington and is close to her family and all the things she likes to do in both Cincinnati and Northern Kentucky. 

 On behalf of HUD and Housing Authority staff, we congratulate Sydney and wish her the best in her new home! 

 

Three HOPE VI Homes Sold in March 2017

March 2017 was truly a whirlwind month for the HOPE VI Homeownership program!  Our 7th, 8th and 9th homes sold in less than three weeks time, between March 10 and March 30, 2017!   

Paul is our 7th HOPE VI home buyer! He is presently studying to be an electrician and apprentices full-time with a local construction firm.  As a former military veteran, Paul is ready to move forward with his life by starting a new career and buying a new home!  Like previous HOPE VI homebuyers, Paul was excited at the prospect of being able to afford a new home in a growing area.  Paul’s work takes him all over Greater Cincinnati/Northern Kentucky and Covington is an ideal location!

 

Nicole is our 8th HOPE VI home buyer and a real go-getter!  She is a mother, owner of a cleaning franchise, and works full-time in nursing at a Cincinnati hospital. 

Nicole applied for the HOPE VI homeownership program after living in Newport with her children for years.  She always wanted to own her own home but wasn’t certain it was within reach.  However, after working through the process, Nicole was approved for the program!  She even qualified for a special grant from the Federal Home Loan Bank!  We truly enjoyed serving Nicole and her family and helping their dreams come true!  

Last but not least, Daniel is our 9th   home buyer in the HOPE VI homeownership program.

Daniel is a young professional who currently works in the marketing field.    While searching for a home with his realtor, he learned about the HOPE VI homeownership program.  He wanted a small, modest home, but not a super fixer-upper!  The HOPE VI homeownership program was the answer!  Daniel qualified for a brand new home close to all the things he needs and loves!   

 

 

Congratulations again to all three of our most recent HOPE VI home buyers --- Paul, Nicole and Daniel ----and best wishes to all of you for many happy years in your new home!   

With the sale of our ninth home, the HOPE VI homeownership program is drawing to a close.  We want to take this opportunity to thank our many wonderful partners for making the HOPE VI Homeownership program a success!  Many individuals and families were given the chance of the American Dream thanks to their efforts.  

 Special thanks to:

·        The Department of Housing And Urban Development (HUD)

·        The City of Covington/Community Development Department

·        Century Construction and affiliated contractors

·        Sibcy Cline Realty Company

·        Porter Wright Morris & Arthur, LLC

·        The Kentucky Housing Corporation (KHC)

·        The Federal Home Loan Bank (FHLB)

·        Catholic Charities

·        Brighton Center

·        Sibcy Cline Mortgage Company

·        5/3 Mortgage

·        Guardian Savings Bank

·        Stock Yard Bank and Trust

·        Mid-American Mortgage

·        Credit Resource, Inc.

·        Guaranteed Rate

·        First Financial Inc. 

One final note:  One previously sold home is up for sale again, due to the recent relocation of the owner to an out of town opportunity.  If you would like information about the home for sale or the HOPE VI Homeownership Program, contact Chris Bradburn at (859) 655-7306. 

 

HOPE VI

The Housing Authority of Covington received a $17 million HOPE VI Grant,  to replace the former 163-unit Jacob Price Homes. Capitalizing on the site’s proximity to downtown Covington and the beautiful Licking River, the site offers the opportunity to substantially increase the number of affordable units in a vibrant, mixed-income community, to spur economic development throughout the Eastside neighborhood and to dramatically improve the lives of current residents.

Chris Bradburn, HOPE VI CSS Coordinator:  859-655-7306

Leasing Information:  859-581-3300