falling housing values in Louisville's black neighborhoods - WDRB 41 Louisville News

Forum tonight on falling housing values in Louisville's black neighborhoods

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3030 Hale St. in western Louisville (PVA photo) 3030 Hale St. in western Louisville (PVA photo)

LOUISVILLE, Ky. (WDRB) -- Housing advocates will hold a public forum tonight on the decline of real estate values in Louisville's African American neighborhoods.

The event will be from 5:30 to 7 pm at the Louisville Urban League, 1535 W. Broadway. Organizations involved include the Metropolitan Housing Coalition, the Network Center for Community Change and the Urban League.

Black neighborhoods have seen a troubling drop in housing values in recent years, said Cathy Hinko, executive director of the Metropolitan Housing Coalition.

"We feel that there has been a perfect storm of factors, including new appraisal and banking policies set at a federal level," she said. "What we so often see is that these trends begin in African American neighborhoods and then are replicated – maybe with less force but still replicated -- in other neighborhoods.  But we want to educate people on the issue and then start to talk about how to address this."

Panelists for the event include appraiser Larry Disney, real estate agent Clifford Turner, Jefferson County PVA Tony Lindauer, Adam Hall of Fifth-Third Bank and Chickasaw resident Donavan Taylor. Other speakers include Hinko and representatives of the Urban League and NC3.

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