Louisville Affordable Housing Trust Fund Celebrates First Completed Project
Mayor Greg Fischer and Councilwoman Barbara Sexton Smith joined the Louisville Affordable Housing Trust Fund (LAHTF) as it celebrated a ribbon cutting and open house at its first major project.
“Housing is a basic need for all people in our city and I want to thank the partnership of the Affordable Housing Trust Fund and YMCA of Greater Louisville for preserving these 41 units at the Chestnut Street YMCA,” Mayor Greg Fischer said. “Over the last two years, the city is proud to have made an unprecedented investment of almost $30 million in affordable housing. I look forward to celebrating more groundbreaking and ribbon cuttings of affordable housing opportunities across the city.”
The LAHTF provided $477,000 in forgivable funds to the YMCA for major deferred maintenance repairs for its 41-unit permanent supported housing program. The program is the only such program in the city that provides housing for men moving towards self-sufficiency.
“This is a great day for affordable housing in Louisville,” proclaimed Councilwoman Sexton Smith. “The renovation of these apartments was very much needed and thanks to the collaboration and leadership of so many people, it a reality for those that depend on us.”
The renovation included upgrading plumbing and bathroom facilities, laundry facilities, individual HVAC units for residents and common areas and new appliances in the main community room. This renovation has enhanced not only our facility, but the self-worth and hopes of every man that lives here,” said Leah Mullaney, Senior Program Director for Housing at the Chestnut Street YMCA.
In total, LAHTF was allocated $2.5 million for the 2017 funding period. Other projects funded last year are in various stages of progress.
“We are excited to be able to fund the types of projects that have been presented and also understand that, without the flexible type of funding available through the Trust Fund, programs like the YMCA would not receive the funds needed to continue to provide these services in our community,” said Christie McCravy, Director of the Louisville Affordable Housing Trust Fund. “This is just one example of what is possible when the Trust Fund receives funding. Next year the impact will be even broader and greater.”
For more information on the Louisville Affordable Housing Trust Fund, please visit https://louisvilleky.gov/government/housing-community-development/louisv...