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Updated almost 6 years ago on . Most recent reply

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Rob Bergeron
  • Real Estate Agent
  • Louisville, KY
1,054
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1,483
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Affordable housing advocates to discuss impact of budget cuts

Rob Bergeron
  • Real Estate Agent
  • Louisville, KY
Posted

https://insiderlouisville.com/government/affordable-housing-advocates-to-discuss-impact-of-budget-cuts-on-low-income-families/

The assessment found that Louisville has a $3.5 billion gap in affordable housing. The situation is particularly bad in the city’s Northwest Core (Portland, Russell, Shawnee) and West Core (the remaining west Louisville neighborhoods), where more than half of all families earn 50 percent of the area median income (AMI), which is $71,500 for a family of four.

According to the study, Louisville is more than 31,000 units (apartments, houses or other living quarters) short of being able to house all its low-income households.

Part of this is due to the section 8 audit. Now, they are being too tight on things and investors are moving away from section 8. 

Most Popular Reply

User Stats

58
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Greg Smith
  • Rental Property Investor
  • Louisville, KY
34
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58
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Greg Smith
  • Rental Property Investor
  • Louisville, KY
Replied
Originally posted by @Fredie Robinson:

@Greg Smith I'm going to have to disagree with you on that one. A sink sprayer in not a necessity. A lot of homes don't even have them. "Low income housing" has turned into high end rentals. I'm glad they are looking out for the tenant but I think they go a little too far. Unless it's a safety issue, hazardous condition, or a health risk, they should quit failing houses for silly stuff. 

That's just the tip of the iceberg for me on that program though. I hope you have better luck with it.  

Gotcha.  I understand where you're coming from.  I figure if there's something broken I'll fix it.  That said, I try and avoid ceiling fans, garbage disposals and appliances more generally to minimize those sort of calls.

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