By June 2022, we want to empower 100 Black households to achieve homeownership through conventional sales, lease-to-own, or other wealth-building strategies. We need to facilitate the acquisition of housing stock that is newly developed and enable ownership transitions for elderly homeowners who desire other housing options.
This is only a beginning. Our plan must set sights on redevelopment and preservation of every vacant or substandard property by 2030. For full achievement of this goal, thousands of families must have access to quality financial empowerment training and counseling, and grassroots neighborhood groups must have the support of intermediary consultation and training to be fully aware of redevelopment options and nationally proven practices. These resources exist and can be brought to scale in Louisville.
Who needs to act? You; Federal and State Legislators; Governor Andy Beshear; Kentucky Housing Corporation; Housing Developers; Philanthropy; Resident Associations; Financial Institutions; Insurance Providers