Beecher Terrace breaks ground on fourth and final phase of $213.47 million mixed-income community

September 05, 2023
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Mayor Craig Greenberg today joined government officials, Louisville Metro Housing Authority leaders and Beecher Terrace residents to break ground on the fourth and final phase of the $213.47 million Beecher Terrace revitalization project. Phase 4 will include 210 new apartment units and is projected to be completed in August 2025.

“We are thrilled to be a part of the renovation and revitalization of the Beecher Terrace community,” said Mayor Greenberg. “This redevelopment increases the availability of high-quality, mixed-income housing, a key component to making our neighborhoods safer, stronger and more vibrant. In conjunction with other projects, including the Reimagine 9th Street roadway project and investments in new Parks facilities, we are working to erase the invisible Ninth Street divide between Russell and downtown and create more opportunities and amenities for all residents of our great city.”

The Beecher Terrace redevelopment is part of a U.S. Department of Housing and Urban Development (HUD) Choice Neighborhoods grant awarded to Louisville Metro Housing Authority and Louisville Metro Government. The city leveraged a $29 million Choice Neighborhoods Implementation Grant it received from HUD in 2016 to help transform Beecher Terrace into a mixed-income, live-work housing development with 620 rental units for seniors, low-income residents and others.

"This partnership between the city and the housing authority, along with their dedicated partners, has done amazing work in the Russell neighborhood with its redevelopment of the Beecher Terrace public housing site,” said Richard J. Monocchio, Principal Deputy Assistant Secretary for HUD’s Office of Public and Indian Housing. “As they break ground on the fourth phase of this development, it's evident that transformation of this community through the first three phases is a perfect representation of the immeasurable impact of delivering the right funding to the right people to do the right thing.”

The redevelopment began in 2017, and Phase 1, which included 117 new apartments for seniors, was completed in December 2020. Phase 2 included 108 units completed in February 2021, and Phase 3 included 185 apartments completed in October 2022.

“We began working with residents and our Choice Neighborhoods partners in 2015 to develop the vision for a redeveloped Beecher Terrace community,” said Wavid Wray, Deputy Executive Director, Louisville Metro Housing Authority. “So, today’s celebration not only marks the start of this long-awaited final phase of rental housing, but it demonstrates what we are able to accomplish when we work together.”

The redevelopment of Beecher Terrace is part of a broader effort to revitalize the Russell neighborhood and west Louisville as a whole. The project complements other public and private developments, including the Norton Healthcare Sports & Learning Center, Goodwill’s Opportunity Campus, Norton West Louisville Hospital, Waterfront Park Phase IV, the Russell Station Tech & Learning Center, and Reimagine 9th Street. The Reimagine 9th Street project will transform Ninth Street from a six-lane thoroughfare into a complete street with a large pedestrian area, protected bicycle facilities, dedicated bus lanes, green infrastructure, traffic-calming measures and smart signals. Construction is expected to begin in the second half of 2025.

For more information, visit: Louisville Metro Housing Authority or https://visionrussell.org/

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About Louisville Metro Housing Authority

Formerly known as the Housing Authority of Louisville, Louisville Metro Housing Authority (LMHA) is a nonprofit agency responsible for the development and management of federally subsidized housing in the Louisville Metro area. LMHA manages over 3,700 units with eligibility determined primarily by federal income guidelines. LMHA has one family public housing community, five public housing communities for senior citizens or persons with disabilities, and a growing number of scattered site apartments.

 

Funding for the agency's operation comes from residents' rents and an annual operating subsidy from the U.S. Department of Housing and Urban Development (HUD). The agency also receives Capital Improvement funds on an annual basis from HUD. Periodically, the agency also applies for funds from HUD and the city's Community Development Block Grant (CDBG) program to finance various improvements and modernization initiatives.

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