As Louisville experiences a record amount of new investment – especially in its western neighborhoods where over $1 billion in new development is planned or underway – we recognize that not all Louisvillians experience positive impacts from the changes new development brings. Many residents of these neighborhoods struggle daily to make ends meet and lack basic services close to home. Understandably, families who have lived in neighborhoods for years - or, in some cases, generations - fear that new investment will bring with them increased property tax rates or higher rents. Community members report doorknockers promising fast money if they sell their homes. Renters report landlords raising rents to unaffordable levels, leaving them no choice but to move. To combat the threat of involuntary displacement due to investment, it is imperative to develop intentional strategies designed to assist existing neighborhood residents, both homeowners and renters.
The strategies contained in the document strengthen the city’s initiative to attract investment in west Louisville without displacing its residents. Neighborhoods with a history of under-investment need public and private dollars to create infrastructure improvements and amenities so residents and businesses can thrive and reach their full potential. Existing residents need intentional tools and programs to ensure their ability to remain and enjoy the new neighborhood amenities. This document records and tracks the specific actions and strategies – old and new – to prevent displacement as neighborhoods redevelop. Projects and programs will evolve over time as we continue to engage and work with residents and community partners to address issues identified by community members. This is a living document and will be updated regularly.