Louisville Completes First Home Makeover through HUD's Neighborhood Stabilization Program
Louisville's first home makeover through HUD's Neighborhood Stabilization Program (NSP) funding was celebrated at a ribbon cutting held for the new homebuyer and the public on Wednesday, March 2, 2011. Louisville Mayor Greg Fischer was joined by HUD Kentucky Field Office Director Krista Mills, Congressman Yarmuth's office representative, City Councilwoman Barbara Shanklin, and River City Housing, the nonprofit that rehabbed the home. Rehabilitation work included many energy-efficiency improvements, the addition of a bedroom, new windows, a new driveway, new HVAC, and new plumbing.
"This NSP funding is essential to stabilizing neighborhoods and creating opportunities for new homeowners," said Krista Mills. "We are so pleased to be a partner with those represented here today, especially the new homebuyer, Ms. Miller."
HUD's NSP is designed to stabilize communities that have suffered foreclosure and abandonment by allowing cities and nonprofits to purchase, rehab, and sell the homes to revitalize neighborhoods. Louisville has 50 additional homes that are being rehabbed through the NSP program. In addition to providing affordable homes and restoring neighborhoods, the program creates much needed jobs for framers, painters, plumbers, electricians, roofers, and others in the construction trade.
River City Housing is currently developing homes in the Newburg, Portland, Phoenix Hill, Shawnee, and Cane Run neighborhoods. These homes will be sold with downpayment assistance to families who meet income and other qualifications. For additional information, contact River City Housing at (502) 587-6763.
|Content Archived: February 18, 2014|