What is HOPE?

Banking Industry providing Community Lending

HOPE of Kentucky (“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.

contact: bwade@kybanks.com