Beshear announces $223 million investment for affordable rental housing in western Kentucky

BOWLING GREEN, Ky. – On Monday, Gov. Andy Beshear announced a total investment of $223 million for 953 affordable rental housing units in western Kentucky.

Of the 953 total affordable housing units, 635 will be built in Bowling Green and Warren County, according to the City of Bowling Green.

The announcement for Bowling Green and Warren County is the culmination of collaborative efforts during the last couple of years with city staff, state agencies, tax-credit developers and our elected officials, the city states.

The city says it plans to leverage $1.5 million of ARPA funds appropriated by the BOC for two of the five projects included in today’s announcement.

Totaling $130,963,821, the 635 units in Bowling Green and Warren County will be funded by a combination of tax-credits and bonds, CDBG-DR and HOME funds, according to the city.

Click here to see locations and a breakdown of funding.

News 40 will continue to follow the latest updates as this project develops.