Mr. Billie W. Wade, CPA
Billie W. Wade, CPA
Executive Director
HOPE of the Midwest
(502) 736-1285
email Billie
Mrs. Tammy J. Nichols
Tammy J. Nichols
Financial Officer/Asset Mgr
HOPE of the Midwest
(502) 582-2453
email Tammy
Ms. Tamuna Loladze
Tamuna Loladze
Chief Operating Officer
HOPE of the Midwest
(502) 582-2453
email Tamuna
HOPE of the Midwest
Description Block

HOPE of the Midwest (HOPE) is a consortium of banks formed to pool funds to make loans on affordable housing projects financed primarily through the federal tax credit program. The consortium structure spreads the risk across multiple participants, thereby limiting each participant’s interest rate and credit risk exposure. HOPE loans also serve as a good source of CRA credits for our bank participants. In addition, with HOPE’s in-depth knowledge of the affordable housing industry, banks are able to participate in this highly technical space without having to develop that expertise in-house. Our mission is to help build a brighter future for communities throughout the Midwest region by helping to preserve or increase the supply of safe, well-built affordable housing for families, workforce, and seniors.

How did we come up with HOPE?
We wanted to utilize a name that was easy to remember and that demonstrated our mission- to provide safe, well built, well managed affordable housing for workforce employees and seniors. The below market rents charged allow the tenants' housing costs to be reduced from 50% and upward of gross income to approximately 30% , like most middle income Americans. The Consortium is being modeled after a dozen consortia around the Country, most of which have been making loans for 20 plus years.

Membership Information
A bank can join HOPE by completing a simple application and paying a one-time fee based on bank asset size. We also ask the bank to pledge the total dollars they are willing to commit to lend over the next three year time frame. This pledge allows us to know how many projects we can realistically fund. An initial group of 10 banks have indicated their desire to join and become involved with numerous others requesting information about membership. An interested bank can contact HOPE to obtain a current listing of members.

Why is affordable housing so important?
We believe everyone deserves the right to have safe, decent, affordable housing. With the housing and economic recession of the last several years, many Americans can no longer afford to own their own home or rent market rate rental units. Affordable rental units, financed with Federal tax credits, are in greater demand than ever in recent history. Most affordable complexes are fully occupied with waiting lists of applicants.

HOPE Leadership and Contact
HOPE is being lead by Billie Wade, a CPA and former Banker who has 20 years of experience lending to and investing in affordable housing projects. Wade knows most all the major players in the industry- developers, syndicators, consultants, nonprofit groups, etc. that are active in developing affordable housing. Wade can also introduce developers to officials at HUD, FHLB of Cincinnati, Ky Housing Corporation, City Housing officials, all of whom provide funding sources.

Tes Mon Block

Hometown Bank of Corbin, Inc.

"In a time of low loan demand, HOPE loans have added much needed revenue. In addition, we have participated in a HOPE project in our community to rehab an old school into a beautiful apartment complex."

Mr. Timothy E. Barnes
Hometown Bank of Corbin, Inc., Corbin, KY

Hyden Citizens Bank

"Our involvement with HOPE has been excellent! It has enhanced our balance sheet performance. The credit underwriting, pricing, risk exposure, and service are first rate. Every Kentucky banker needs to be utilizing this program!"

Mr. William F. Brashear, II
Hyden Citizens Bank, Hyden, KY

The Farmers National Bank of Danville

"Through Farmers National Bank’s participation with HOPE of Kentucky, we have been afforded an opportunity to try and meet the housing needs of low and moderate income folks in numerous Kentucky communities. We have found the staff at HOPE , Billie Wade in particular, to be very responsive and professional throughout the whole process."

Mr. Greg W. Caudill
The Farmers National Bank of Danville, Danville, KY

Winterwood Inc

"We appreciate and value the relationship we have with HOPE. As an affordable housing developer and operator, we know that HOPE has the expertise, experience, and commitment to service that we need to execute our developments. HOPE adds value to the projects they are involved in, beyond the provision of financing, by bringing their experience and expertise into the transaction with a focus on achieving our desired results. Their commitment to service is exceptional and consistent."

Mr. Mike Hynes
Winterwood Inc, Lexington, KY

The Marian Group

"Marian Development Group enjoys working with HOPE because it’s a true team member and not just a financial institution. As part of the team, HOPE works in good faith, providing mutually beneficial terms to bring projects to reality. Understanding the structure of more complex transactions makes Billie Wade uniquely qualified as its Executive Director to source innovative projects that member banks can take pride in. I’ve worked with Billie for years and hope to for many more to come."

Mr. Jacob Brown
Founder & Principal
The Marian Group, Louisville, KY

Field & Main Bank

"HOPE has a knowledgeable team whose expertise and service are top notch, making even the most complex projects seem simple. Working with HOPE is a pleasure and Field & Main Bank values our relationship!"

Mr. Kyle D. Fuller
VP, Commercial Loan Officer
Field & Main Bank, Henderson, KY


"HOPE defines relationship banking. My friends at HOPE make efforts daily as team members and partners. However, beyond that, working with HOPE means that, as a client, I always know who is making the decisions. I know that when I call HOPE the answers I'm given don't come with conditions and/or caveats. HOPE works to build clientele confidence that allows candor from both sides that always works to an ultimate mutual goal. Also, a quality that has definitive meaning to me is that everyone in my office is treated with the same respect from HOPE that I am treated with. Furthermore, I have witnessed on more than one occasion HOPE stands firm when circumstances turn to less ideal. Any deal is difficult and challenging. It is incredibly reassuring that my lender is always part of the solution to whatever challenges present themselves."

Mr. Travis Yates
President, CEO
SOCAYR Inc, Louisville, KY