CLOUT takes on affordable housing shortage

Louisville, KY – In 2006, Louisville Mayor Abramson committed to establish a local Affordable Housing Trust Fund to provide the community with funds to build, preserve, and rehabilitate housing that would be affordable for extremely and very low income households. Abramson included this in his 2007 Comprehensive Housing Strategy, along with $1 million in seed funding. On May 15, 2008, the Louisville Metro Council voted 25-1 to establish the Fund according to the guidelines developed by CLOUT and its allies. Efforts have continued to secure an ongoing, dedicated source of revenue for the fund. In the meantime, CLOUT also worked at the state level to gain the passage of legislation that is providing a secure and ongoing source of millions of dollars per year in funding for the Kentucky Affordable Housing Trust Fund.

In 2011, newly installed Louisville Mayor, Greg Fischer, committed to identify an ongoing dedicated source of public revenue for Louisville’s Affordable Housing Trust Fund, in order to address the ongoing problem of 25,000 families being on the city’s waiting list for affordable housing assistance.

Finally, in 2015, in response to several more years of work by CLOUT and its allies, Mayor Fischer announced the Louisville CARES initiative, which will provide an $11 million rotating loan fund to provide funding for more affordable housing in Louisville, a significant first step to providing funding needed to address this crisis.

SURE expands CRA for housing

Sarasota, FL – At SURE’s Nehemiah Action in April 2006, commitments were secured to protect and expand downtown and Newtown’s stock of affordable housing through expansion of the Community Redevelopment Area serviced by Tax Increment Financing and the reduction or deferral of impact fees when constructing new affordable housing. On April 10, 2008, SURE held its Nehemiah Action with over 500 people in attendance to press public officials for a renewed commitment to “preserve and expand” the stock of affordable housing. A recent breakthrough saw the earmarking of nearly $14 million for the redevelopment of the county’s largest public housing project to address facilities long neglected by local government and lagging far behind code.