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By wmadministrator

The Federation of Appalachian Housing Enterprises (FAHE), headquartered in Berea, has been named as one of two recipients of the 2009 Wachovia NEXT awards for Opportunity Finance. FAHE was selected to receive the award – which comes with $2.75 million in funding – based on its “innovation and bold strategy” in eliminating substandard housing conditions in central Appalachia. FAHE is a member-based network that includes housing authorities, developers and community action agencies that share a commitment to increasing safe and affordable housing in Appalachia. FAHE serves Kentucky, Tennessee, Virginia and West Virginia by providing loans and equity products to its member organizations to support rental housing and community facilities.