Louisville Metro announcing funding opportunity for new housing, prioritizing energy efficiency

February 16, 2021

Louisville Metro Government’s Office of Housing is dedicating nearly $3.4 million in allocated federal dollars to fund new affordable housing developments, with priority given to projects that include energy efficiency improvements.

The funding is available through the Office of Housing’s annual HOME program. The program’s goal is 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.

There is no maximum request amount for HOME funds. The Office of Housing also has set aside an additional $80,000 that applicants can apply for to pay specifically for energy efficiency investments such as tankless water heaters, solar panels or other upgrades. In addition to being environmentally appropriate, energy efficiency investments can also maintain a home or a unit’s affordability over time.

The Office of Housing will award funds to developments that complement existing neighborhood development and do not permanently displace existing residents, along with those that increase affordable housing for low-and moderate-income households and, where possible, repurpose vacant and abandoned real estate.

Applicants will be evaluated on housing development experience and financial and organizational capacity, with a review of past performance on projects of a similar size and complexity. A minimum of $468,400 has been set aside for certified Community Housing Development Organizations.

Guidelines and applications for the 2021 HOME NOFA program are posted at https://louisvilleky.gov/government/housing/affordable-housing-development-program.

Applicants have until March 15 to submit questions to the Office of Housing and formal responses will be posted online on March 22. Applications must be submitted online by April 15, along with a $250 nonrefundable application fee.

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