Nonprofit is awarded over $6 million to renovate affordable housing units
Over 100 housing units will get upgrades. Louisville, Kentucky, non-profit New Directions Housing Corporation has received over $6 million from HUD for upgrading over 100 units owned by the nonprofit. The funds will be used to improve the units for tenants and make them more eco-friendly. The money will also go towards updating kitchens and bathrooms with new appliances. This is part of an over $14 million project New Directions is working on, with the nonprofit aiming to revitalize nearly 60% of its portfolio within three to five years. The remaining funding will be secured by the end of the year.
Publié : il y a 4 semaines par Geraldine Torrellas dans
LOUISVILLE, Ky. — A nonprofit dedicated to providing Louisville residents with affordable housing just received more than $6 million.
The money is going toward upgrading over 100 units owned by New Directions Housing Corporation to improve them for tenants and to make them more eco-friendly.
“What we’re so excited about is New Directions was awarded GRRP (Green and Resilient Retrofit Program) funding, which is a new grant from HUD that truly concentrates on making units more energy efficient,” said Bridgette Johnson, the chief operations officer of New Directions.
The money will also go toward updating kitchens and bathrooms with new appliances.
“This is renovating existing units to make them a better quality than they exist today,” said Mayor Craig Greenberg, D-Louisville. “That’s part of the plan is we need to make sure that folks that are having their rent subsidized also have high-quality units. It’s not just about affordability. It’s about safe and quality units of housing.”
This is part of an over $14 million project that New Directions is working on. The nonprofit hopes to secure the rest of the funding for this by the end of the year.
New Directions has over 900 units and has a goal to revitalize almost 60% of its portfolio in the next three to five years.
Les sujets: Social Issues, Nonprofits