Louisville Downtown Housing Loan Fund Approves New Loans

LOUISVILLE, Ky. — The Downtown Housing Assistance Loan Fund (DHA LLC) administered by the Downtown Louisville Partnership has helped fund two new housing projects in and near downtown. “We know that to attract more people downtown, we need more housing opportunities,” said Rebecca Fleischaker, executive director of Louisville Downtown Partnership. “These loan funds are essential dollars that can help bridge the gap and bring a project to fruition; we hope to help more projects like this downtown. The loan fund approved $1.92 million for two projects, leveraging $29 million in new housing developments. Approved home loans are:

  • $1.4 million in gap financing to Audubon Wizard QOZB, LLC for the Audubon Building, located at 1409 – 1427 Lytle Street. This mixed-use project, located in the East Portland neighborhood, will provide 71 apartments and more than 37,000 square feet of commercial space at the gates of Waterfront Park Phase IV in downtown Louisville. The adaptive reuse development consists of a historic cluster of three masonry and timber warehouse buildings along a brick-paved road, with most of the exposed brickwork, wooden beams and historic windows preserved.
  • $518,806 in gap funding to Myers Hall QOZB, LLC to assist in the preservation and adaptive reuse of Myers Hall, the former home of the UofL School of Dentistry located at 129 East Broadway. The new Myers Hall Lofts will convert the original building, built in 1900, into 44 efficient apartments in the Louisville Medical Education District (LOUMED) downtown.

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