The Fuller Center for Housing of Louisville — host covenant partner for the 2014 Millard Fuller Legacy Build — has been awarded $75,000 in funding from the Louisville Metro Affordable Housing Trust Fund’s Revolving Loan Fund.
The Revolving Loan Fund provides needed funding to convert vacant and/or abandoned properties into safe and stable homes for hardworking people, senior and the disabled. This $75,000 is in addition to a $220,000 grant to FCH Louisville approved by the Federal Home Loan Bank of Cincinnati last month.
“The Fuller Center for Housing of Louisville is extremely honored to be awarded funds from the Louisville Affordable Housing Trust Fund Revolving Loan Fund,” said FCH Louisville Executive Director Steve Marrillia. “With these funds, we will be able to create new, first-time homeowners who will, in turn, create neighborhoods of choice — safe and secure neighborhoods where families can grow, prosper and contribute to a stronger community for all.”
Marrillia said the funding will be used to rehabilitate six houses during the annual Legacy Build April 6-11 in the Shawnee neighborhood on the west end of the city — an area already greatly transformed by The Fuller Center’s work there over the past few years. Once considered the most blighted part of the city, it is fast becoming a neighborhood of choice for families — a transformation that will be accelerated further by the Legacy Build.
“We look forward to a long and successful partnership with the LAHTF creating homes and strengthening neighborhoods,” Marrillia added.
The LAHTF and Fuller Center both promote the value of home ownership in empowering families, bolstering neighborhoods and enhancing local economies. According to a 2012 LAHTF community needs assessment, nearly half of all Louisville renters live in housing they cannot afford. The Fuller Center can help qualified families not only move from renters to owners but also can do it at a lower monthly cost than renting.
“Our whole community benefits when everyone has a decent place to call home,” LAHTF Executive Director Rachel Hurst said.