Down Payment Assistance, Home Repair help residents build generational wealth, access and retain homeownership

July 12, 2021

Mayor Greg Fischer today highlighted the Louisville Metro Office of Housing’s Down Payment Assistance and Home Repair programs, which aim to help low- to moderate-income individuals access and retain homeownership and build generational wealth.

The approved Fiscal Year 2022 budget allocated a total of $3 million for the Down Payment Assistance Program, up from $1 million in Fiscal Year 2021, and roughly $5.8 million for the Home Repair programs – Regular Home Repair, At-Risk and Russell Rental Rehab – up from $3 million in Fiscal Year 2021.

“Homeownership is crucial for residents to build generational wealth. Through the Down Payment Assistance Program, we are broadening access to homeownership for people for whom a down payment is a barrier to entry,” the Mayor said. “And our Home Repair programs help existing homeowners who are struggling to pay for costly repairs and may risk losing their home or be forced to live in unsafe or unsanitary conditions as a result.”

Households must be at or below 80% area median income (AMI) to be eligible for the Down Payment Assistance and Home Repair programs. That is $61,500 or less a year for a family of four.

Applications for the Down Payment Assistance and Home Repair programs opened on July 1. The Office of Housing is still accepting applications for Down Payment Assistance, but applications for the Home Repair programs are now closed following significant interest. Residents interested in the Home Repair Programs are encouraged to check back in October.

Those interested in the Down Payment Assistance program can apply at, and paper copies are available at the Metro Development Center, 444 S. 5th St. Those with questions can call the Office of Housing at (502) 574-5850.


Down Payment Assistance

The Down Payment Assistance Program provides a partially forgivable loan with 0% interest to low- to moderate-income homebuyers for down payment and closing costs associated with purchasing a home in Louisville.

Approved applicants can receive up to 20% of the purchase price of the home, and the amount is determined based on individual need. The average amount of Down Payment Assistance paid out is $21,706 per applicant.

As part of a term of the assistance, the purchased home must be the homebuyers’ primary residence for a period of 5 to 15 years, depending upon the amount of assistance received. By the end of that specified period, 50% of the loan is forgiven.

The Down Payment Assistance Program is not limited to first-time homebuyers only. Eligible applicants must:

  • Be pre-approved for a mortgage from a local financial institution;
  • Have no unpaid collections, past due balances or un-discharged bankruptcies, except medical collections of up to $10,000;
  • Have at least $1,500 in savings;
  • And meet set home price limits.

Learn more about the Down Payment Assistance Program at


Home Repair Programs

The Home Repair programs are committed to providing repairs to help stabilize the home for low- to moderate-income individuals who own and are currently living in single-family homes.

The Regular Home Repair, At-Risk and Russell Rental Rehab programs focus on maintaining and increasing the supply of affordable, decent, safe and sanitary housing by making investments that positively impact the health and safety of the occupants, including repairing or replacing HVAC, furnace, electrical, plumbing, roof and gutters.

The average amount of Home Repair assistance paid out through the four programs is $24,000 per applicant.

Learn more about the Home Repair programs at

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