KBA PARTNER DIRECTORY
HOPE OF KENTUCKY Building a Brighter Future HOPE is a consortium of banks formed to pool funds to make permanent loans on affordable housing projects financed primarily through the federal tax credits program. HOPE’s mission is to help build a brighter future for communities by helping to preserve or increase the supply of safe, well-built and affordable housing. We saw as one of the obstacles the shortage of longer term debt financing for affordable housing projects. By creating a consortium funding structure, HOPE enables more banks of all sizes to participate in funding these much-needed projects. In particular, banks are able to limit their overall exposure and interest rate risk, while diversifying their credit risk through lending to multiple projects across the region. While our home base is in Kentucky, we are committed to providing our lending services across the Midwest region. We’ve built relationships with developers throughout Kentucky, Ohio, Indiana, and other states, having done projects as far south as Georgia and as far west as Oregon. Whether you’re a bank or a project developer, we welcome the opportunity to work together to continue building a brighter future for our neighborhoods and communities near and far!
HOPE BY THE NUMBERS 2,000+ Units constructed since inception. $220M+ Loans originated since inception. $130M+ Loans currently servicing. 9 Tax-exempt bond projects originated. ZERO! Loss history or defaults.
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Billie Wade Executive Director HOPE of Kentucky bwade@kybanks.com
Tamuna Loladze Chief Operating Officer HOPE of Kentucky tloladze@kybanks.com
Tammy Nichols Finance Officer HOPE of Kentucky tnichols@kybanks.com
