Residents voice concern as Louisville pauses homebuyer down payment assistance program

LOUISVILLE, Ky. (WDRB) — People voiced their concerns to Louisville Metro Council Thursday evening after a down payment assistance program was put on hold.

The city's down payment assistance program stopped accepting applications back in July, with the city saying those resources were being redirected to other Metro-funded housing programs.

Curtis Owens, a longtime realtor in the city, said the funding cuts are keeping many potential homeowners from realizing their dreams.

"Louisville's down payment assistance program wasn't some trendy pilot or experimental policy, it was a long-standing dependable commitment to helping people cross the finish line in home ownership," Owens told Metro Council. "The city helped cover the up front costs that often proved to be insurmountable, especially in a housing market where prices have steadily climbed while wages stagnant. This is a charity, it's a smart public policy."

The city does have other resources to help first time homebuyers, like homeownership counseling. To learn more about these homebuyer resources, click here.

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