Louisville on the Verge of Enacting Anti-Displacement Ordinance

Due to the housing crisis that the United States has been experiencing for several years, thousands of families have been forced to leave their stable homes and seek others that could fit their budgets and new economic changes.

Among those most affected by the economic changes, the housing crisis, and the foreclosure processes that arose as a consequence of this crisis, have been the residents of Louisville. In light of the massive displacement of inhabitants and the neglect of their situation by official authorities, the city’s tenants’ union and other social leaders sought ways to create a strategy or public policy that would allow them to protect the most vulnerable individuals from displacement.

As a result of their work, the anti-displacement assessment tool emerged. The goal of implementing this tool is for all housing developers or construction companies intending to create housing in Louisville to use it and determine whether it is advisable to develop their project before seeking financing, purchasing properties, requesting budgets, and whether their housing will be considered affordable for the residents of the community where the new properties will be created.

Once the housing developer inputs all the requested data about the potential housing project into the tool, the system will conduct a study of sale and rental prices and compare them with the city’s information to determine whether the future properties are considered affordable housing.

In addition to this, the tool will analyze whether the development of this new housing project would put the community at risk of displacement of its residents, meaning that the use of the tool by housing developers will determine whether the construction of new housing in a particular community is viable or not.

Approved months ago, the tool is available for free use by anyone, group, or company looking to build properties or housing in the city of Louisville.

Thanks to its proper use and the objectives achieved with the use of the tool, the Louisville Planning and Zoning Committee is now seeking to approve an anti-displacement ordinance that aims, through the use of another tool, to ensure that residents are not forced to leave their communities, both within the city and Jefferson County, due to rising real estate market prices.

What the anti-displacement ordinance seeks is for developers not to find ways to undermine the anti-displacement assessment tool through political aid or any means in order to develop their projects and obtain the official assistance available to them.

By using this new tool, future housing developers seeking assistance from the administration will need to focus their projects on creating properties that are considered affordable so that all individuals from different communities can access them easily and appropriately.

Although the anti-displacement tool has not yet been approved by the Louisville City Council, it is available for anyone who wishes to determine whether their housing project is considered affordable or not.

Available Foreclosures:

Louisville: 1200 homes available.

Jefferson County: 1500 homes available.

By Elías DaSilva | 20 de Noviembre de 2024.