The program is meant to focus on more than a thousand vacant and abandoned properties mainly concentrated in west Louisville.
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Louisville Mayor Craig Greenberg set a goal last year that the city would create or preserve 15,000 affordable housing units by 2027.
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New Directions received a $6.36 million grants from the U.S. Department of Housing and Urban Development (HUD) for energy efficient renovations at its Directions Apartments.
Kentucky's most vulnerable targets are children.