Urban League Event To Help Those Facing Foreclosure

The Louisville Urban League is sponsoring an event this week aimed at helping homeowners who are in foreclosure or facing the possibility of losing their home. The group’s Christy McCravy says the “Preserving Homeownership Fair” will allow residents to talk face-to-face with lenders and others to discuss their situation. “If their lender is not present, […]

Louisville Get Seven-Million Dollars for Foreclosure Buy-Ups

Louisville has received nearly seven-million dollars in funds from the federal government to buy up foreclosed properties in specific neighborhoods and renovate them.  It’s an effort to prevent property values from falling.  The money comes from the Neighborhood Stabilization Program approved by Congress in last year’s Economic Recovery Act (2008).  Mayor Jerry Abramson says they’re […]

City Seeking Input On Spending Of Foreclosure Grant

Louisville Metro Government will hold a public hearing later this week for input on how to best spend nearly $7 million in federal funds aimed at improving neighborhoods with high rates of foreclosure. Spokesperson Kerri Richardson with the mayor’s office says officials have identified five areas of Louisville to share the money—Newburg, Shawnee, Portland, Park […]

Housing Bill Includes Grants for Community Revitalization

Lawmakers hope a bill passed last week by Congress will help up to 400-thousand struggling American homeowners. But a local mortgage banking industry expert says many Louisville homeowners won’t qualify for the refinanced, government-backed loans. Mortgage Bankers Association of Louisville President Adam Hall says the loans will only be available to homeowners who are upside-down […]