FRANKFORT, Ky. (AP) - Gov. Steve Beshear has signed a bill that
will raise Kentucky Housing Corp.'s bonding limit from $2.5 billion
to $5 billion.
The Democratic governor said the measure will enable the state's
housing finance agency to assist some 25,000 additional homebuyers
with mortgage loans.
The agency serves primarily first-time homebuyers with loans at
or below market rates. It also offers financial help with down
payments and closing costs.