Louisville Metro dedicates $22.2 million to affordable housing in new budget
- Louisville Metro Government has allocated $22.2 million in its new budget for affordable housing initiatives.
- The funding will support the creation of over 700 new housing units, with a minimum of 272 units designated as affordable.
- This allocation is part of Mayor Craig Greenberg’s larger initiative to build 15,000 affordable housing units within four years.
- The funding has reached a total of $37.2 million since January 2023, demonstrating the commitment to addressing affordable housing needs.
- Several projects have received funding, including The Prestonian, Beecher IV LLC, Habitat for Humanity, River City Housing, Family Scholar House, Wellspring, and Woda Cooper Companies.
- These projects encompass a mix of mixed-income housing, single-family homes, and multi-family housing, providing a range of affordable housing options to meet community needs.
Louisville Metro Government has earmarked $22.2 million in its latest budget to support affordable housing initiatives. The funding will facilitate the creation of over 700 new housing units, with at least 272 units designated as affordable. This allocation is part of Mayor Craig Greenberg’s ambitious plan to construct 15,000 affordable housing units within a four-year timeframe. With a total funding of $37.2 million since January 2023, the city demonstrates a strong commitment to addressing the pressing need for affordable housing. Various projects, including The Prestonian, Beecher IV LLC, Habitat for Humanity, River City Housing, Family Scholar House, Wellspring, and Woda Cooper Companies, have received financial support. These projects encompass a diverse range of mixed-income housing, single-family homes, and multi-family housing, effectively catering to a variety of affordable housing needs within the community.