Louisville Affordable Housing Trust Fund

                              Louisville Affordable Housing Trust Fund

To submit a pre-application to request funds from the Louisville Affordable Housing Trust Fund, please click here

The 2017 Annual Report is now available. Please click here to download a copy.

The Louisville Metro Affordable Housing Trust Fund (LAHTF) was created by Metro Council as a way for Louisville to invest additional local public funds to address the affordable housing shortage for individuals such as working families, seniors, people with disabiliites, veterans or others whose wages are not enough to maintain a stable place to live. 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.

Since its creation, the LAHTF has assisted in the financing of 38 affordable units and will soon assist in the creation/preservation of 326 more! 

In the city's FY18 budget, the LAHTF was allocated $9.57 million in funds. The funds will be used as follows:

  • $7.07 Million for development activities. Of this amount, $4 million will be used to create a Revolving Loan Fund pool.
  • $2 Million “Adopt a Block” Pool: Funds used to support single family units, geographically concentrated at the block level, with full or partial repayment. The goal of this program would be to address vacant/abandoned properties. These units would be short-term (3 years or less) lease-purchase or direct purchase opportunities. LAHTF is open to aligning the program with areas established through the TDD ordinance, but with the flexibility to fund proposals that include project areas that cross ordinance boundaries.
  • $450,000 for program administration
  • $50,000 grant pool for Housing Supportive Services.

The 2018 Funding Guidelines and Application are now available. The LAHTF will begin accepting development applications on Monday, October 16, 2017 and will continue to accept applications until the funding is fully committed. 

Please click here to view the 2018 Funding Guidelines and here for the Funding Application. 

In the city's FY17 budget, the Louisville Affordable Housing Trust Fund (LAHTF) received $2.5 million for project development and administration. $2.25 million of those funds have been distributed to local organizations for the creation or preservation of affordable housing units. The breakdown of fund distribution is as follows:

  • $125,000 to Habitat for Humanity for gap funding for construction of five homes on vacant lots in Council Districts 5, 15, and 16.
  • $477,000 to the Chestnut Street Family YMCA for the rehabilitation and preservation of 41 units of single-room occupancy housing in District 4.
  • $60,000 to River City Housing for gap funding to rehab two homes in District 1.
  • $641,114 to Backtrack Inc. to rehab and preserve 40 senior multi-family units in District 15.
  • $546,886 to Housing Partnership Inc. to acquire and rehab 22 single family homes in the California, Russell and Portland neighborhoods.
  • $500,000 to LDG Multifamily LLC for gap funding for the Bristol Bluffs project, near the juncture of Billtown Road and the Gene Snyder Freeway, which will produce 216 affordable housing units.
The funds not being used to help rehab or build units will support program administration and establish a grant pool for supportive services grants.

Supportive Services Grant Funding

By definition, supportive housing is a combination of housing and services intended as a cost-effective way to help people live more stable, productive live and is an active "community services and funding" stream across the United States. It is a "solution for vulnerable people to maintain their dignity and be part of a community." In short, it is a variety of programs designed to provide both housing and support to help vulnerable people live as independently as possible in their community and maintain their tenancies, hence tackling and preventing societal issues such as homelessness, poverty, mental health breakdowns and risk of abuse.

A $50,000 grant pool has been established for supportive housing service providers. 

The application is now available Please click here to download the application and here for the funding guidelines. 

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:
  • Make existing homes in Louisville affordable and sustainable through energy-efficient rehabilitation of housing and the inclusion of green building principlesDevelop affordable rental housing for the lowest-income families
  • Create additional affordable homes near places of employment and in neighborhoods that need workforce housing
  • 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
  • Prevent Louisvillians from losing existing otherwise-affordable homes through foreclosure prevention, supportive housing services, and accessible rehabilitation
  • 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 LAHTF 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