New Housing Development Opened Downtown

A new housing development has opened in downtown Louisville.
The Metro Housing Authority oversaw the redevelopment of a building at the corner of Broadway and Shelby Street. Authority Chairman Manfred Reid says the dollar project was paid for with a federal grant, and future projects will likely be developed with money from the federal stimulus package.

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… Continue reading Housing Bill Includes Grants for Community Revitalization