- Community Development
Community Ventures is a HUD-certified housing counseling agency and a charter member of NeighborWorks America. Our Homeownership Center enables prospective and current homeowners to achieve their dreams through counseling, education, and affordable lending options. We also have a successful history of building new homes and buying, remodeling, and re-selling homes, making it possible for our clients to purchase like-new homes and enjoy the benefits of safe, affordable homeownership.
VIRTUAL COUNSELING CENTER
Through its newly developed Virtual Counseling Center, CV provides one-on-one HUD-approved homebuyer education that allows homebuyers to access either down payment assistance or affordable mortgage products that require HUD-approved counseling. The company also offers housing development and rehab through its rural rehab program. The company measures impact by the number of clients it can help to purchase affordable housing. Whether through the VCC or through the rehab program, we prepare clients for the responsibility of homeownership, while helping them to access more affordable products for down payment assistance.
RURAL REHAB PROGRAM
As a Community Housing Development Organization (CHDO), CV has the ability to purchase a home on behalf of the prospective buyer, complete any necessary repairs or rehab to the home, then sell the home to the buyer. This enables the buyer to purchase a home without having to qualify for an additional loan needed for repairs, providing for a much more efficient process for homebuyers with significantly lowered expenses. As a CHDO company in Kentucky, Community Ventures works to provide mortgages with favorable terms to clients looking to purchase a home for the first time, especially those looking for a house that might need minor rehabilitations but do not have the resources to do the work. The program allows CV to purchase existing homes in qualifying counties and then subsidize the cost of renovations and upgrades before selling it to the new homeowners. CHDO funds are made available through a partnership with Kentucky Housing Corporation. If you are looking to purchase a safe and energy-efficient home, and you live in one of these Kentucky counties - Adair, Anderson, Bourbon, Boyle, Casey, Clark, Cumberland, Estill, Franklin, Gallatin, Garrard, Grant, Green, Harrison, Hart, Jessamine, Larue, Lincoln, Marion, Mercer, Nicholas, Pendelton, Scott, Taylor, Washington, and Woodford - then give us a call today!
Community Ventures is teaming up with local contractors, realtors, and lenders to create and develop a unique neighborhood true to the heart of the Russell neighborhood in West Louisville. If you are looking to purchase a new home in Louisville, Cedar Street might be the place for you. We are building energy-efficient, market-rate custom built homes on and around Cedar Street. These homes include a range of options for appliances, light fixtures, floors, paint colors, etc. The homes will include energy-efficient appliances, Energy Star-rated windows, water saver toilets and shower heads, and LED lighting. We currently have three unique floor plans ranging from 1,100 sq. ft. to 1,600 sq. ft. To learn more, visit www.cedarstreetwestlou.com today!
THE ARTISTS’ VILLAGE
In 2019, Art Inc. launched the Artists’ Village, a residential development providing live/work space for artists and creative entrepreneurs that wish to own their home and studio space and live in the heart of Lexington’s historic and culturally rich East End. Multiple floor plans back up to a community green space that will be the home for weekend art fairs, live performances, and musical events. To learn more, visit www.artinckentucky.org today!
Community Ventures supports and promotes the value of homeownership. We currently do not have any funding available for mortgages at this time, but if you are interested in one of the residential programs in the communities listed above, please contact us today!