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Beshear Signs Bill To Help Kentucky Homebuyers

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.

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The legislation is House Bill 373.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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