Kentucky Housing Corporation (KHC) invests in affordable housing solutions by offering an array of programs and services designed to develop, preserve, and sustain affordable housing throughout the state. Created by the 1972 General Assembly, KHC is a self-supporting, public corporation of the Commonwealth of Kentucky, and is governed by a 15-member Board of Directors. KHC is a quasi-government agency, which is administratively attached to the Finance and Administration Cabinet, and a portion of KHC's funds are derived from the interest earned through the sale of tax-exempt mortgage revenue bonds. From these proceeds, KHC has made homeownership possible for more than 90,000 Kentucky families..