Louisville Affordable Housing Trust Fund

                                                     Louisville Affordable Housing Trust Fund

Current News!

The LAHTF is looking for a bookkeeper as an independent consultant to perform basic monthly bookkeeping for the organization including financial reports, reconciliations, preparing checks, entering transactions, tracking grants and loans, and working with our accountant on our annual fiscal reports. The position will be filled by March 2015. Submit bids including list of relevant experience with similar organizations and nonprofit accounting practices, references, and hourly rate to Executive Director Rachel Hurst at by February 28th. For more information, call 502-637-5372.


What is the Louisville Affordable Housing Trust Fund?
The LAHTF was created by Metro Council in 2008 as the way for the Louisville to invest additional local public funds to address the affordable housing shortage for working families whose wages are not enough to live in Metro Louisville; for people on fixed incomes like seniors and people with serious disabilities; for young families starting out; and for veterans. A place to call home opens the door to opportunity, and the whole community does better when everyone has a decent place to call home.

In fact, The Trust Fund has many supporters throughout the community.  Click here to view the full LAHTF Endorsement List. Click here to show your support and become an endorser today!

The Louisville Affordable Housing Trust Fund recently hosted 3 webinars on the topics listed below.  Webinar resources and technical assistance are available by contacting Gina Chamberlain at

LAHTF HOMEbuyer Qualifying Homebuyers
LAHTF HOMEbuyer Construction Management 
LAHTF HOMEbuyer Regulations/Compliance 
What does the LAHTF do?
The Trust facilitates the development and rehabilitation of decent, affordable housing by making grants and loans, providing technical support, and enabling builders and developers to construct affordable housing with less financial risk.

Who can apply for a grant or loan from The LAHTF?
The LAHTF makes a grants and loans to for-profit and not-for-profit developers, not to individuals.

Does the LAHTF grant or loan money for the rehabilitation of vacant buildings?
Yes. The LAHTF has programs especially for the rehabilitation of vacant houses and apartments, as this is a top priority identified in our 2012 Needs Assessment.

How does The Trust get the money to do its work?
The Trust has received one-time allocations from Louisville Metro Government and from corporate and individual donations. However, the Trust still lacks the key component that defines all housing trust funds – a source of dedicated ongo­ing public revenue. The Board of Directors recommends an increase to the insurance premium tax as that dedicated source. With a 1% increase in the insurance premium tax, Louisville will establish an estimated $10.15 million annually in dedicated public revenue for the LAHTF to help struggling families and individuals.

How does The Trust use the money?
The LAHTF is designed to be flexible and respond to evolving community needs by giving grants and/or loans for affordable housing-related activities. Funding decisions are guided by the needs of the community, which are outlined in our 2012 Needs Assessment, and by LMCO 40.41-45. Decisions are made by a 13-member Board of Directors representative of the community, appointed by the Mayor and approved by Metro Council.

Our current funding priorities are included in the 2012 Needs Assessment, pp 29-31, briefly:

  1. Make existing homes in Louisville affordable and sustainable through energy-efficient rehabilitation of housing and the inclusion of green building principles
  2. Develop affordable rental housing for the lowest-income families
  3. Create additional affordable homes near places of employment and in neighborhoods that need workforce housing
  4. Increase homeownership opportunities through home buyer education, down payment assistance, reducing the cost of construction or rehab of single family homes, and assistance connecting homeowners to low-interest, no-interest, or forgivable partial loans
  5. Prevent Louisvillians from losing existing otherwise-affordable homes through foreclosure prevention, supportive housing services, and accessible rehabilitation
  6. Promote housing choice in all three rings of the city

Who benefits?
Stable, decent, affordable housing for working families benefits homeowners, renters, neighborhoods, business and the community at large:

  • businesses that require a stable workforce;
  • neighborhoods that have been devastated by the foreclosure and vacant property crisis;
  • working families that need decent affordable housing and basic economic security;
  • and the community as a whole, due to the economic impact of the LAHTF and reduced crisis-care expenses related to unaffordable housing. Every $1 million invested in affordable housing in Louisville creates as many as 84 units of affordable housing, supports 112 jobs, and generates more than $6.4 million in local revenue.

I know some people who need a home they can afford. Can they call The Trust?
The Trust can provide a variety of information to potential homeowners or renters, but The Trust does not lend to individuals.

Where can I get more information on The Trust's programs?
Call us at (502) 637 – 5372.

How can I help The Trust help my community?

The Louisville Metro Affordable Housing Trust Fund, Inc. is a not-for-profit corporation that welcomes charitable contributions of currency and/or property.  Donate Now!

Who sits on the LAHTF Board?
Click here to view a full list of 2014 Board Members.

Equal Housing Opportunity