Kentucky Housing Corporation-state Agency Awards Financial Services Contract to New Directions Housing Corporation (January 2026)
Kentucky Housing Corporation-state AgencyLocal Housing Authority · Frankfort, KY- Disclosed value
- $15,625,000 in tax-exempt bonds; $2,178,652 in 4% tax credits; $18,081,000 anticipated equity
- From report
- Awarded
- Jan 1, 2026
The 30-second brief
Kentucky Housing Corporation awarded $15.6 million in tax-exempt bonds and associated 4% tax credits to New Directions Housing Corporation for the 183-unit Russell Renaissance Apartments existing supply project in Jefferson County. The financing package also includes over $18 million in anticipated equity to preserve affordable housing in Louisville.
New Directions Housing Corporation holds this financial services contract with Kentucky Housing Corporation-state Agency. Its other public contracts on record include work for Worthington Fire Protection District.
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Contract details
- Contract type
- Financial Services
- Amount
- $15,625,000 in tax-exempt bonds; $2,178,652 in 4% tax credits; $18,081,000 anticipated equity
- Document date
- January 1, 2026
- Source document
- Kentucky Housing Corporation Report 2026 Tax-Exempt Bond Only NOFA Applications Funded 2026-01-01 (Report)
New Directions Housing Corporation's other public contracts
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Questions about this contract
Who was awarded the financial services contract by Kentucky Housing Corporation-state Agency?
New Directions Housing Corporation was awarded this financial services contract by Kentucky Housing Corporation-state Agency, as recorded on January 1, 2026. The contract value is $15,625,000 in tax-exempt bonds; $2,178,652 in 4% tax credits; $18,081,000 anticipated equity.
How much is the New Directions Housing Corporation contract with Kentucky Housing Corporation-state Agency worth?
The New Directions Housing Corporation contract with Kentucky Housing Corporation-state Agency is valued at $15,625,000 in tax-exempt bonds; $2,178,652 in 4% tax credits; $18,081,000 anticipated equity, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a report record.
Where was this contract approved?
This contract appears in Kentucky Housing Corporation Report 2026 Tax-Exempt Bond Only NOFA Applications Funded 2026-01-01 (Report), dated January 1, 2026 from Kentucky Housing Corporation-state Agency. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does New Directions Housing Corporation hold?
New Directions Housing Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Kentucky Housing Corporation-state Agency currently buying?
Explore Kentucky Housing Corporation-state Agency's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.