What is HOPE?

Banking Industry providing Community Lending

HOPE is a Consortium of Kentucky Banks formed to pool loan funds to make permanent loans on affordable housing projects financed principally utilizing equity generated from the sale of Federal tax credits allocated to the projects. The Consortium allows Banks to diversify and limit their credit and interest rate risks by lending to multiple projects across the Commonwealth. The Consortium approach also allows Banks to participate in the highly technical affordable housing industry without the need to employ that expertise on their own staff.

contact: bwade@kybanks.com