34 homes will be for flood survivors and are out of the floodplain
PRESTONSBURG, Ky. (July 23, 2025) — Today, Gov. Andy Beshear joined local officials in Floyd County to break ground on the future site of New Hope Estates in Floyd County. The neighborhood will be comprised of 34 homes for flood survivors and located along Cliff Road and Old Cliff Road in Prestonsburg.
“Today, we’re breaking ground on a neighborhood that will provide a fresh start for so many families,” said Gov. Beshear. “These are Kentuckians who have been through so much, and they deserve a home where they will be safe and at peace. Today is a reminder that when we work together, and when we don’t leave anyone behind, we can make life better for our neighbors.”
The homes at New Hope Estates will be out of the flood plain and close to downtown Prestonsburg, and right next to the Big Sandy Area Development District. The Governor first announced the site in 2023. Team Kentucky is investing $2 million in Community Development Block Grant (CDBG) funds, and $8 million in CDBG-Disaster Recovery funds, for a total of $10 million.
“Today was a great day for Floyd County as we continue to rebuild from the floods of recent years,” said Floyd County Judge/Executive Robbie Williams. “The New Hope Estates will be a safe haven for our families and a place for them to create new memories. We’re building back stronger and smarter, ensuring a bright future for those who call Floyd County home.”
“The Big Sandy Area Development District is here to help the people of our communities,” said Eric Ratliff, executive director of the Big Sandy Area Development District. “By developing the land right next door into housing for flood survivors, we’re welcoming more families to the neighborhood. In Kentucky, we look out for our neighbors, and these new homes will be a constant reminder of why we show up to work every day.”
“As much as anything Frontier has ever been a part of doing, this development, and these homes, testify to the power of partnerships,” said Tom Manning-Beavin, President and CEO of Frontier Housing. “Without all of the partners that provided leadership and support, we would not be able to help the people in Floyd County that we aim to serve. Frontier is proud to be playing a part in this work, and to be doing it with such a tremendous collection of people.
Knott County Funding
Earlier this month, Gov. Beshear announced $5.3 million to the Knott County Fiscal Court to help build a new wastewater treatment plant in the community of Caney. The existing plant suffered damage in the 2022 floods. Gov. Beshear recapped this announcement today, highlighting ongoing flood recovery efforts across Eastern Kentucky.
Wayland High-Ground Visit
Gov. Beshear also visited the neighborhood of Wayland, in Floyd County. Wayland was the first high-ground neighborhood to be completed for flood survivors and includes 11 homes, with more coming. In Letcher County, the Cottages at Thompson Branch, which includes 10 homes for flood survivors, was completed in May.
Housing Can’t Wait Resource
Gov. Beshear continues to highlight HousingCantWait.com. If you were affected by the floods of 2021, 2022 or 2025, please fill out the Interest Form on the website. A representative from Fahe will get in touch with you.
