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Park DuValle Revitalization

Fact Sheet
Total Cost and Funding: Approximately $200 million; 50/50 private/public funding. The sources of the funds include investor capital from the sale of low-income housing tax credits, public housing resources, and Community Development Block Grant funds from the City of Louisville. 

$31.4 million Special Development Funds

$20 million HOPE VI
$14.8 million HAL Development Funds
$9.9 million HAL Comp Grant


Project Partners: Private lenders and investors, the Louisville Metro government, Louisville Metro Housing Authority, and U.S. Department of Housing and Urban Development. 
Completion Timeline: 8-10 Years
  • The first HUD grant was made in October 1995
  • The Oaks was launched in October 1996 and completed in the spring of 1998
  • Phase II infrastructure work began April 1998
  • Phase II marketing and leasing application began Fall 1998
  • Rental occupation began First Quarter 1999
  • Rental unit construction complete
  • New home construction near completion
Total # Housing Units: Approx.1,213: 613 rental; 450 homeownership; 150 off-site units 
Target Markets: New housing will be available to buyers and renters of all income ranges throughout the metropolitan area.


Park DuValle Phases***

Phase 1 100 0
Phase 2 213 147
Phase 3 108* 60
Phase 4 192 243
  613 450


TOTALS: Homeownership 450
  Off-Site 150**
  Rental 613


*Includes: 59 unit elderly building
  19 unit multifamily building
  30 multifamily townhomes

**Net new units of rental or homeownership somewhere in the County.
***These numbers are approximate and may vary somewhat as we develop each phase.

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