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Home Preservation Program

Home Preservation Program

Louisville Metro Housing Authority Home Preservation Program:

LMHA is excited to introduce our new Home Preservation Program! Due to recent community developments in the Russell, Phoenix Hill, Park Duvall, and Smoketown neighborhoods, homeowners may have experienced additional financial strain caused by increased property taxes, homeowner’s insurance, utility, or maintenance costs.

Since 1997, the Louisville Metro Housing Authority has helped over 360 Louisville renters become homeowners by making homeownership affordable through our Housing Choice Voucher (HCV) program. Now, LMHA wants to bring that same assistance to current homeowners in neighborhoods where we have been making significant investments, to help cover some of your monthly homeownership expenses and ease the burden of rising homeownership costs.

To qualify for the subsidy assistance, you must have purchased your home before a specified date, meet income eligibility guidelines, and your home must pass a Housing Quality Standards inspection. If repairs are needed to pass a quality standard inspection, LMHA will refer you to available resources that could potentially assist with those repairs to meet the qualification for subsidy.

Neighborhoods Served

Qualifying Neighborhood Purchased Before Date
Russell June 2016
Smoketown November 2010
Park Duvalle October 1995
Phoenix Hill November 2002

 

Income limits (80% of median income)

Person In Family 1 2 3 4 5 6 7 8
Annual Income Limit $43,400 $49,600 $55,800 $62,000 $67,000 $71,950 $76,900 $81,850

 

If you would like to know more about the Home Preservation Program, or to find out if you are eligible, please contact one of LMHA’s Homeownership Specialists: Michele Johnson, at (502) 569-3776 or mjohnson@lmha1.org OR Stephanie Payne, at (502) 569-4900 or spayne@lmha1.org.

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