Louisville Affordable Housing Trust Fund

                              Louisville Affordable Housing Trust Fund


The Louisville Affordable Housing Trust Fund received $2.5 million for project development and administration. The breakdown of funding is as follows:

  • $2.25 million for project and unit development
  • $225,000 for program administration
  • $25,000 grant pool for housing supportive services grants (application and criteria to be released at a later date). 
Download applications here in Word or PDF. Once completed, applications can be sent to christie@louisvilleahtf.org. Applications will be accepted starting Tuesday, October 11, 2016. Please contact the Trust Fund at (502) 637-5372 if you have any questions or need more information.

The LAHTF will hire a Program Compliance Manager. The ideal candidate will be detail-oriented and have some knowledge of affordable housing programs like HOME and LIHTC. Please click here to review the full job description. Resumes and cover letters, including salary requirements, should be sent to Christie McCravy, Executive Director, at christie@louisvilleahtf.org, by October 15, 2016.


Available Funding 

  • LAHTF Revolving Loan Fund - From time to time we have money available in short-term loan funds for the purpose of rehabilitating vacant and/or abandoned property into affordable homes for people with low incomes. Both for-profit and non-profit affordable housing developers are eligible to apply for funds. Click here for the guidelines and click here for an application. 
  • HOMEBuyer program – We recently allocated $963,500 to Habitat for Humanity of Metro Louisville (HfHML), River City Housing (RCH), and the Housing Partnership Inc. (HPI) for the purpose of providing 29 safe and affordable homes to first-time homeowners in Metro Council Districts 1-6, 9 and 15. The money, allocated to the Trust Fund by Louisville Metro government, is being dispersed from LAHTF’s HOMEbuyer Program, which makes homeownership affordable to low-income first-time homebuyers. Contact Louisville Affordable Housing Trust Fund for more information about the Homebuyer funds. 
  • Future funds will be announced once a source of dedicated ongoing public revenue is established by Metro Council.

What is the Louisville Affordable Housing Trust Fund?
The LAHTF was created by Metro Council in 2008 as the way for 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 LAHTF 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!
What does the LAHTF do?
The LATHF 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 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 LAHTF 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 LAHTF 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 LAHTF?
The LAHTF can provide a variety of information to potential homeowners or renters, but it does not lend to individuals.
How can I help the LAHTF 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 2015 Board Members.
Where can I get more information?
Click here to download the Louisville Affordable Housing Trust Fund Brochure
Also, click here to view the Louisville Affordable Housing Trust Fund's Form 990
Contact us:
1469 S. 4th St, Suite 300
Louisville, KY 40208
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Equal Housing Opportunity