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FUND PORTFOLIOS




CAHEC
Sky Hope Recovery Center – Somerset, Kentucky

The Sky Hope Recovery Center is a new construction, 68-unit Single Room Occupancy (SRO) special needs development located in Somerset, Kentucky. The developer, The Adanta Group, is a non-profit community service organization that provides behavioral health care services to individuals in the Lake Cumberland region of Kentucky. For this project, they received a special allocation of tax credits for its commitment to serve a tenant population with special needs through the Recovery Kentucky program. Sky Hope, which provides housing and on-site services to women recovering from substance abuse through mandatory participation in a recovery program, is the 14th and final Recovery Kentucky development. This joint program between the Department of Local Governments, Department of Corrections, and Kentucky Housing Corporation works with individuals seeking recovery from substance abuse addiction who are at risk of homelessness and are often coming out of incarceration and assists them in moving toward independent living. CAHEC’s $7 million in financing was used toward the development of the 68 Single Room Occupancy units.


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