Effective with reservations on or after ,the Mortgage Revenue Bond (MRB) Special Funding is available to more Kentuckians! The program is no longer limited to single parents and disabled or elderly persons. All households below $35,000 gross annual household income, who can demonstrate a need, will qualify for the MRB Special Funding interest rates. See revised guidelines below.
The MRB Special Funding is limited to $15 million and the program is available on a first-come, first-served basis. The borrower must demonstrate a need based of at least a 25 percent minimum front-end ratio.
$125,000 Neighborhood DAP AvailableOn a first come, first-served basis, approximately $125,000 is available for Neighborhood DAP.
Eligible Neighborhood DAP Properties/Individuals