Affordable Housing Development Program

The Office of Housing and Community Development is committed to the development of affordable housing in Louisville, Jefferson County, Kentucky.

Our goal is to offer housing choices to a range of homebuyers and renters, by creating “quality of place” neighborhoods with a diverse blend of affordable housing types, supported by public facilities and other amenities.

Russell Market Rate Housing Program
The Russell Market Rate Housing Program is seeking innovative proposals to create wealth and homeownership opportunities in the program’s target area. A combination of forgivable and zero to low interest amortizing loans for the rehabilitation and/or infill new construction of single family, market-rate, owner-occupied properties may be used in addition to other methods to create market rate housing. This program provides flexible funding that can be layered with other sources of financing as needed to support the development of quality market rate housing within the Russell neighborhood. 
 
The Russell Market Rate Housing Program (MRHP) is a $1 million loan pool that is administered through Develop Louisville’s Office of Housing and Community Development (OHCD). It will be used to create or preserve approximately 15 single family homes over the first phase of direct financing awarded through this program. Applicants are encouraged to explore innovative approaches that meet the goals of wealth creation and homeownership in the target area. The deadline for submissions is April 26. 
 
The goal of the MRHP is to build wealth by increasing homeownership rates in this census block group commiserate to the surrounding blocks, reduce blight, improve the overall health and safety of the neighborhood., provide innovative opportunities for wealth creation through homeownership and encourage future community investments by targeting a strategic area within this Russell neighborhood census block group (002400-1) that builds upon Metro’s current investments in the area.
 
Currently, OHCD is working with two development partners in the new development of single-family, market-rate homes just west of the target area on Cedar Street. This block-by-block approach to revitalize Russell makes this target area prime for both rehabilitation and new construction of market rate units.
 
 
Click here to submit your application. 

Richmont Terrace Multi-Family Development Request for Proposals

The Metro Louisville Department of Develop Louisville, working through its Office of Housing & Community Development, is soliciting qualified developers, both non-profit and for-profit, to purchase and develop vacant properties into affordable, multi-family rental units and/or for sale condo/patio homes to eligible residents in the Richmont Terrace neighborhood (at or below 80% of Area Median income). Richmont Terrace is located in Metro Council District 1 and is about eight miles southwest of Downtown Louisville.  Applicants may submit proposals for purchase and development of more than one parcel. Applicants may be selected to enter into negotiations for a contract or contracts, but nothing in this Informal Request for Proposals or in the responses hereto shall require the Metro Government to execute a contract with any Applicant. 

 
Forms to Submit
 
Questions can be directed to Adam Lyons at adam.lyons@louisvilleky.gov or (502) 574-1959

NOFA

Develop Louisville, working through its Office of Housing and Community Development, is soliciting proposals from nonprofits, including Community Housing Development Organizations, Community Development Corporations, and for-profit developers for "gap financing” needs associated with Metro-wide affordable housing development projects. Louisville Metro Government has set aside funding from the U.S. Department of Housing and Urban Development HOME Investment Partnerships Program, to fund multiple projects.

The 2018 HOME NOFA program goals are to offer housing choices to a range of homebuyers and renters, by creating "quality of place" neighborhoods, with a diverse blend of affordable housing types, supported by public facilities and other amenities. Louisville Metro Government has CHDO set-aside, and general HOME dollars available to commit for projects. LMG has allocated a maximum amount of $2,868,804.00 for this NOFA, of which $430,321.00 is reserved for CHDOs to undertake development activities.

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