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Kentucky Housing Corporation was created in 1972 as a state housing finance agency by the General Assembly under the Mae Street Kidd Act with a $150,000 appropriation. In 1973, KHC originated its first bond issue totaling $51.2 million and received its first allocation from the United States Department of Housing and Urban Development (HUD) for ...
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The servicing release premium may be the same for two mortgages with the same characteristics, but originated at totally different interest rates. This premium (SRP) will be the same whether or not the lender offered the borrower a low rate of interest or a high rate of interest.
Kentucky is one of several states considered a part of the Upland South . The state is home to the world's longest cave system in Mammoth Cave National Park, the greatest length of navigable waterways and streams in the contiguous United States, and the two largest artificial lakes east of the Mississippi River.
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