Young Professionals Buying Rehabbed Urban Homes

By Associated Press | 

COVINGTON, Ky. (AP) — The city of Covington's initiative to buy, fix up and resell vacant homes in its urban core is paying off.

The Kentucky Enquirer reports young professionals are among those purchasing the properties, some of which had been abandoned and boarded up.

With the help of a $5 million federal Neighborhood Stabilization Program grant through the Kentucky Department for Local Government, city officials bought 14 homes at a low cost and have been able to sell most of them after sprucing them up.

The city's home program coordinator, Jeremy Wallace, says five of the rehabbed houses, three of which were just completed, are all that's left.

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