President Tandy and the Louisville Vacant Property Campaign host community forum on reusing vacant property

May 22, 2015

Louisville – There are hundreds of vacant properties in Metro Louisville that are boarded up and unused in many neighborhoods. How difficult is it to acquire those properties and turn them into livable affordable housing?

If you have an interest in the reuse of vacant property, you may not know all the issues involved or what tools are available to turn that vacant property back into an asset to a neighborhood.

President David Tandy (D-4) and the Louisville Vacant Property Campaign announce a free public forum on Tuesday, May 28th designed to help people with the issues and methods involved in reusing vacant property.

“This forum will help people seize the opportunity to be on the ground floor of emerging neighborhoods by reusing vacant properties which will contribute to increased property in values and better quality of life for the citizens who call that area home.” says Tandy. “We tend over look these properties that have been abandoned or foreclosed on. These properties can be rehabbed and made livable in many well established neighborhoods,”

The free public forum is open to the public and will be held at the Kentucky Center for African American Heritage, 1701 West Muhammad Ali Blvd, Building C.

“The Louisville Vacant Properties Campaign joined with Preservation Louisville and others who are committed to seeing reuse of properties to create an introductory overview of how anyone might try to reclaim a property that appears to be vacant and abandoned,” says Cathy Hinko, Executive Director of Metropolitan Housing Coalition. “The metro government is supporting this effort because individuals reclaiming properties one-by-one is part of a multi-pronged strategy to revitalize our community.”

The forum will cover the following topics:

What you need to know about a property
Sources of information
How to select a property
Insurance and finance issues
Use of tax credits

“Vacant and abandoned property is an issue that causes major concern for the people who live around these properties. Many of these properties can easily be turned around to enhance rather than downgrade a neighborhood. If you have an interest in such an effort, this forum will point you in the right directions to get started,” says Tandy.

For more information, contact Metropolitan Housing coalition at info@metropolitanhousing.org or call 502-584-6858.

 

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