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” COVINGTON, KY.” (WNKU) – If you’re looking to buy a new home soon, you may want to give Covington some consideration. The city is unveiling its new assistance program that could cover up to fifty percent of the purchase price. WNKU’s Matt Kelley talked to spokesperson Jeremy Wallace about what prompted the city to offer the program. ( more information is available at info@covingtonky.com )
The City of Covington has a new program to assist homebuyers with the purchase of foreclosed homes. The City is offering interest free, forgivable loans to assist with the purchase of a home to live in as an owner occupant. This program is utilizing funds from the Neighborhood Stabilization Program. The purpose of the program is to reduce the number of foreclosed properties and increase the number of homeowners in the City of Covington… (Click Here for more information)
COVINGTON - The lack of people using federal funds offered in Covington for the purchase of foreclosed properties has surprised some local leaders. Covington set aside $400,000 out of its $5 million federal Neighborhood Stabilization Program grant to give home buyers an interest-free, forgivable loan for the down payment on a foreclosed house. Only two people have applied for these funds, which has officials concerned since the deadline for the cities to have 75 percent of the NSP money committed is at the end of April… (Click Here for more information)
COVINGTON, Ky. — The City of Covington is offering a new incentive for house hunters to buy foreclosed homes. The city has announced it is offering interest-free, forgivable loans. Home buyers can get help to cover 50% of the down payment and 100% of the closing costs. It can also cover up to 50% of the purchase price of the home. (Click Here for more information)
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