Listen to the story: Early next month, a panel of preservationists will select a house in Louisville to be rehabilitated under a new project called Preservation S.O.S.—Save Our Shotguns. It’s a style of house that symbolizes many of Louisville’s older neighborhoods. There are many variations, but shotgun houses typically have a long, rectangular floor plan:… Continue reading Effort Underway To Preserve Louisville’s Iconic Shotgun Houses
Since the recession began, the housing market in Louisville and nationwide has fluctuated significantly from month to month. But local realtors are hoping for a boost in sales this summer. Greater Louisville Association of Realtors president Lamont Breland says warm weather, low interest rates and dropping unemployment can all boost sales, though he’s not expecting… Continue reading Realtors Hoping for Slight Boost in Sales for Summer
Comparing Louisville to its competitor cities, the Downtown Development Corporation unveiled the first ever “State of Downtown” report to measure the city’ s benchmarks in a number of key areas. Defined by the 40202 zip code, researchers showed that Louisville had 12 percent increase among downtown workers over the past decade, the largest among peer… Continue reading DDC Releases ‘State of Downtown’ Report
The stimulus money came through the Department of Housing and Urban Development’s Neighborhood Stabilization program. Mayor Greg Fischer says the house is one of several abandoned or foreclosed homes in the city to receive a makeover using federal dollars.
According to a report from the Mortgage Bankers Association, foreclosures and delinquencies are on the decline nationwide, but they have not dropped enough locally to put either state below the national trend.
The new neighborhood will consist of 38 single-family homes and is being developed by the Housing Partnership Inc., a private nonprofit entity. President Mike Hynes says the houses will replace nearby abandoned apartment buildings.
Ken Troske says the country’s gross domestic product is growing, but that may not offer much assurance, since unemployment remains high. As for Americans with jobs, Troske says they are unlikely to start spending again until the housing market improves.
Local and federal officials Tuesday broke ground on a new grocery store for the Park DuValle housing development southwest of downtown. The project was funded largely through federal stimulus and housing funds.
The state applied for the loan through the Department of Housing and Urban Development, which uses private investments to help finance projects that will benefit multiple communities. Congressman John Yarmuth says he recently received a letter from HUD officials that said they were optimistic the loan could be arranged.
Federal and local authorities Tuesday broke ground on the first phase of a new mixed-use project called “the EDGE” at Liberty Green.
The EDGE is a mixed-income expansion to the Liberty Green housing development near Liberty and Hancock streets. It will be made up mostly of houses and apartment buildings.