The Louisville Metro Affordable Housing Trust Fund (LAHTF) is allocating $963,500 to Habitat for Humanity of Metro Louisville (HfHML), River City Housing (RCH), and the Housing Partnership Inc. (HPI) for the purpose of providing 29 safe and affordable homes to first-time homeowners in Metro Council Districts 1-6,9 and 15. The money, allocated to the Trust Fund by Louisville Metro government, is being dispersed from LAHTF's HOMEbuyer Program, which makes homeownership affordable to low-income first-time homebuyers.
Approximately fifty percent of the $963,500 will be used by HfHML, RCH, and HPI to build and strengthen neighborhoods by converting vacant and abandoned properties into quality single-family affordable homes, one LAHTF's priorities. Additionally, LAHTF will continue their commitment to serving very-low income households by ensuring that over fifty percent of the funding will go to assist interested low-income first-time working families earning fifty percent below of the
area median income (AMI) in becoming homeowners.
The majority of the 29 homes will be completed and occupied with first-time homeowners within 12 months, and rest will be completed for new homeowners to move into by June 2016.