COVINGTON, KY -- A competition among several Northern Kentucky nonprofit organizations will result in three winners vying for a share of $50,000 from the Horizon Community Funds at the Northern Kentucky Funders Grant event. Five major foundations contributed to the total grant money.
"We've done a lot of work to get this (house) ready to provide a home ownership opportunity for a family here in Northern Kentucky," Housing Opportunities of Northern Kentucky (HONK) executive director David Hastings said.
The 100-year-old house in Covington is the third house HONK has rehabbed or built this year.
"If we get a Norther Kentucky Founders Grant, we'll be able to add an additional home before Christmas," Hastings said.
.Each nonprofit gets three minutes to pitch to a public audience why they deserve to be awarded the grant.
"There are no slides, other than their name and their logo and the organization's name," Horizon Community Funds of Northern Kentucky president Nancy Grayson said. "They do not get to use any props."
The $50,000 total will be broken up into mini-grants with the first place winner being awarded &6,000 and second place getting $3,000. An overall popular vote award of $5,000 will be give to one of the nonprofits, so there is the potential for one organization to be awarded $11,000. Housing Opportunities of Northern Kentucky is hoping the idea of giving someone a home for the holidays will give them an edge.
"The funding is gonna be what makes in possible to finish it in time for Christmas," Hastings said.
The Horizon Community Funds plans to make this an annual event. The vote will be taken at the St. Elizabeth Technology and Education Center in Erlanger Tuesday at 5pm, and the general public is invited to show up and cast a ballot.
