Press Releases
U.S. Congressman Hal Rogers (KY-05) announced today that the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund has selected Morehead-based Frontier Housing to receive a $750,000 award. Frontier Housing will use this award to increase lending and make financing available to individuals in the community who are looking to buy a home.
“Frontier Housing is a critical link for so many individuals who are looking to buy a home and put down roots in their local community,” said Rogers. “With an uncertain economy so many have put the dream of homeownership to the side, but this funding will allow the good people of Rowan County and beyond to move forward and make their dream a reality. When people invest in the community by buying a home, it not only helps cultivate our communities, it brings new growth and opportunity to our region. I applaud Frontier Housing and the Treasury Department for investing in our people.”
Frontier Housing was founded in 1974 and has grown to become the largest provider of affordable homeownership opportunities in Northeastern Kentucky and one of the largest home builders in the region. They have assisted over 1,000 families and provide over 120 housing solutions each year. Since their founding, they have added over $64 million to the local tax rolls. Frontier Housing offers homebuyer education, affordable home mortgage loans, subdivision development, and more. With general operations based in Rowan County, they serve low to moderate income families and individuals in Bath, Carter, Elliot, Fleming, Magoffin, Menifee, Morgan, Rowan, and Wolfe counties, as well as the City of Ashland, Kentucky.
CDFI was established as a bipartisan initiative through the Riegle Community Development and Regulatory Improvement Act of 1994 to promote economic revitalization and community development through investment and assistance to community development financial institutions, such as Frontier Housing. Their mission is to provide credit, capital, and financial services to underserved populations and communities in the United States.
Rogers has served Kentucky’s 5th Congressional District since 1981. With a focus on economic development, job creation, fighting illegal drugs and preserving Appalachia’s natural treasures, he has a reputation for listening to his constituents and fighting for the region he represents. For more information visit www.halrogers.house.gov.
“Frontier Housing is a critical link for so many individuals who are looking to buy a home and put down roots in their local community,” said Rogers. “With an uncertain economy so many have put the dream of homeownership to the side, but this funding will allow the good people of Rowan County and beyond to move forward and make their dream a reality. When people invest in the community by buying a home, it not only helps cultivate our communities, it brings new growth and opportunity to our region. I applaud Frontier Housing and the Treasury Department for investing in our people.”
Frontier Housing was founded in 1974 and has grown to become the largest provider of affordable homeownership opportunities in Northeastern Kentucky and one of the largest home builders in the region. They have assisted over 1,000 families and provide over 120 housing solutions each year. Since their founding, they have added over $64 million to the local tax rolls. Frontier Housing offers homebuyer education, affordable home mortgage loans, subdivision development, and more. With general operations based in Rowan County, they serve low to moderate income families and individuals in Bath, Carter, Elliot, Fleming, Magoffin, Menifee, Morgan, Rowan, and Wolfe counties, as well as the City of Ashland, Kentucky.
CDFI was established as a bipartisan initiative through the Riegle Community Development and Regulatory Improvement Act of 1994 to promote economic revitalization and community development through investment and assistance to community development financial institutions, such as Frontier Housing. Their mission is to provide credit, capital, and financial services to underserved populations and communities in the United States.
Rogers has served Kentucky’s 5th Congressional District since 1981. With a focus on economic development, job creation, fighting illegal drugs and preserving Appalachia’s natural treasures, he has a reputation for listening to his constituents and fighting for the region he represents. For more information visit www.halrogers.house.gov.