Rebound helps revamp vacant Louisville houses for use by low-inc - WDRB 41 Louisville News

Rebound helps revamp vacant Louisville houses for use by low-income single families

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LOUISVILLE, Ky. (WDRB) -- From abandoned properties to dream homes. A local organization is helping some unlikely homeowners move into the houses of their dreams.

It is all made possible through a program called Rebound, a charitable organization created by The Louisville Urban League.

"And they kind of guided me with all of the footwork to become a homeowner," said Myra Woodard, who bought a home with Rebound's help.

Rebound uses federal dollars to turn abandoned and vacant properties in Metro Louisville into homes for single families. The homes are renovated and sold at a fraction of their market value.

The organization even helps prospective homeowners with down payments and closing costs.

"Everybody that has purchased a Rebound home has received some assistance in down payment and closing costs," said Rebound Housing Development Manager Kevin Dunlap. "And that down payment assistance has run as low as $4,000 for an individual family, and we've had some to receive up to $20,000."

Rebound will start doing the same thing with new construction next year.


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