Affordable Housing Development Program
2022 Fall Notice of Funding Availability Update
Louisville Metro Government is making funding available from the U.S. Department of Housing and Urban Development HOME Investment Partnerships Program, Community Development Block Grant Program, and the U.S. Department of the Treasury Emergency Rental Assistance 2 Program to provide gap financing for development projects. The Fall 2022 HOME/CDBG/ERA2 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 allocated a minimum of $2,748,500.00 in HOME and HOME Match for this NOFA, including $535,200.00 reserved in CHDO set-aside for development activities. The Office of Housing and Community Development has also allocated $1,000,000.00 in CDBG funds to go toward eligible rental development rehab projects in “At Risk Areas.” On January 26, 2023, Louisville Metro Government added approximately $22,000,000.00 in ERA2 funds for rental development projects. This funding must be targeted to very low-income households at 50% AMI and below, and projects must conform to and meet the program requirements of the HOME Program. Special consideration will be given to projects that target a portion of units to households at 30% and below AMI.
The deadline for submission has been extended to March 24, 2023.
Please review the below guidelines and documents before applying.