$450,000 for Louisville Affordable Housing Trust - WDRB 41 Louisville News

$450,000 for Louisville Affordable Housing Trust

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LOUISVILLE, KY. (WDRB) -- The Louisville Affordable Housing Trust Fund has secured $450,000 in additional funding. 

It raised $50,000 in cash and doubled that with donations.  Mayor Greg Fischer allocated an additional $100,000 in matching funds for the program, and $250,000 came from a national mortgage settlement.

The mayor explains, "We have dedicated a lot of resources to this -- get affordable homes back on the market, working to keep people in homes that they have."

Every $1 million invested in affordable housing in Louisville creates as many as 84 units, 112 jobs, and generates more than $6 million in local revenue.

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