Affordable housing advocates to discuss impact of budget cuts
The assessment found that Louisville has a $3.5 billion gap in affordable housing. The situation is particularly bad in the city’s Northwest Core (Portland, Russell, Shawnee) and West Core (the remaining west Louisville neighborhoods), where more than half of all families earn 50 percent of the area median income (AMI), which is $71,500 for a family of four.
According to the study, Louisville is more than 31,000 units (apartments, houses or other living quarters) short of being able to house all its low-income households.
Part of this is due to the section 8 audit. Now, they are being too tight on things and investors are moving away from section 8.