How the Fahe Network is Responding to COVID-19, Part 2
May 15, 2020
During Uncertain Times, Fahe Provides Quality Experiences for Appalachia’s Future Leaders
May 22, 2020
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The Fahe Network consists of 50+ Member organizations, spanning across the Appalachian portions of Kentucky, Tennessee, West Virginia, Virginia, Alabama, and Maryland. During the best of times, these local leaders provide essential services to their communities including housing, economic, and community development. During times of crisis they stand with their communities, often increasing or modifying the types of services available to match the current need. Thanks to their hard work and dedication, the Fahe Network has served the region for 40 years Building the American Dream. This collaboration has invested over $1.5 Billion into Appalachia, which has directly impacted the lives of over 616,000 people. We are taking the time to celebrate each of these Members during our 40th anniversary, as we continue in partnership to ensure that no community is left behind.

Kentucky Highlands Investment Corporation—London, KY

Since 1968, Kentucky Highlands Investment Corporation (KHIC) has been dedicated to provide, and retain, employment opportunities in Southeastern Kentucky. KHIC coordinates, devises, implements, and promotes community, economic, and social development efforts within their 22 county footprint. Through sound financial investments, and the provision of managerial assistance, KHIC has had a lasting impact on the region.

Across their 22 county footprint, KHCI offers homebuyer preparedness education, credit repair services, financial packaging, acquisition financing, new home development, home repair services, tenant-based rental assistance, rental housing development, business lending, equity investments in businesses, management assistance, and entrepreneurial services. Over the last 52 years, $356,000,000 has been invested through their commitment to the economic success of the region and local communities. KHIC has also created and maintained 22,000 jobs, and provided training and consultation to 1,150 people through their technical assistance programs.

KHIC is also a Community Development Financial Institution (CDFI), providing access to financing for small businesses, construction loans, farm loans, and other necessary forms of capital not always available in the region through traditional lenders.  Lenders such as KHIC are vitally important for the health and success of small businesses in our communities.

The Kentucky Promise Zone, the first rural Promise Zone in the United States is coordinated and managed by KHIC. The purpose of the Promise Zones is to increase economic activity, improve educational opportunities, and increase job growth in areas of high poverty.

KHIC makes their clients’ dreams a reality and creates opportunities throughout Eastern Kentucky. By investing in community-wide strategic planning initiatives, such as the Kentucky Promise Zone and the USDA Stronger Together (SET) program, KHIC encourages community growth and sustainability. In one of their most recent projects, KHIC created an innovative training series for entrepreneurs and construction trades. The training series is geared towards helping emerging and existing entrepreneurs/housing contractors living in rural counties of Southeastern Kentucky start or expand their business.

KHIC’s innovative approach and dedication to the region has been making the American Dream an actuality in Southeastern Kentucky for over 50 years. Through their initiatives, their impact on Eastern Kentucky has been profound. We are proud to have KHIC as a part of the Fahe Network as we work towards making the American Dream achievable throughout Appalachia.

To learn more about KHIC and their programs, follow the link below:

Website

Join our Anniversary Celebration

Over the course of 2020, we will be celebrating Fahe’s history through sharing historical photos, family stories, and future projects, as well as other Member Highlights. Please join our 40th anniversary celebration by sharing your memories, pictures, and support for Fahe on social media.  Please join in by using the hashtag #WeAreFahe.  You can find us on Facebook and Twitter.

Olivia Brock Schemanski
Olivia Brock Schemanski
Olivia Brock Schemanski
Olivia Brock Schemanski serves as Fahe's Communication VISTA. She holds a BA in Business Administration with a minor in Public Relations from Eastern Kentucky University. She's an avid lover of music and in her free time she enjoys photography, going to concerts and re-watching "The Office."

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