Develop Louisville
Louisville, Kentucky

The program was developed to address the need for affordable, multi-family housing for households making 80% or less of the Area Median Income. Louisville CARES is intended to address “cost burdening,” a situation in which a family spends more than 30% of its income for housing and utilities.

Funding Source
General revenue
Funding Year
2019
Local Funding
$18,930,000
Program Status
Active
Total Funding
$18,930,000
Website
https://louisvilleky.gov/government/housing/louisville-cares
Contact
Marilyn Harris Develop Louisville [email protected] 502-574-3737
How Provided?
Development loans; Development grants
Data Collected by Program
Income; Race; Ethnicity; Disability status; Age
Program Type
Capital resources
Income Eligibility Threshold
Other income eligibility criteria
Duration
Affordability period is 30 years
Info Source
Program administrator survey response
Last Updated
3/15/23 16:26
Other Eligibility Requirements

No other eligibility requirements

Coordinates Eligibility With

Does not coordinate with other systems

Eligibility Limitations

Does not limit eligibility on these criteria

Priority Populations

Extremely low-income households (income less than 30% AMI); Very low-income households (income less than 50% AMI)