New Directions Housing Corporation broke ground on the Roosevelt Senior Apartments at 225 N. 18th Street in the Portland Neighborhood. This $8.9 million dollar project will create 36 subsidized one-bedroom apartments for seniors 62 and older. These apartments will be fully ADA compliant, with such features as roll-in showers, dishwashers, and fully accessible washer and dryer units
This new construction project is made possible through:
- A $5,000,000 forgivable loan from the U.S. Department of Housing and Urban Development (HUD);
- $987,357 from Louisville Affordable Housing Trust Fund;
- $500,000 in Louisville Metro “HOME” funds;
- $1,995,000 construction/permanent loan from German American Bank.
New Directions’ President and CEO, Bridgette Johnson stated that, “Roosevelt Senior Apartments will be home for 36 seniors in our community. A home with rental rates that will be affordably aligned with individual incomes. A home where each individual will be able to live comfortably, safely, securely, in a brand-new state of the art apartment. A home that provides access to great support services from our in-house programs for seniors. A home located in the close-knit Portland neighborhood, that affords convenient access to community resources.”
Partners on the project include the above mentioned funding partners along with, Bosse Construction, VBN Architects and Sarabi Group, LLC.
About New Directions
New Directions’ mission is to develop and maintain affordable housing and vital communities in partnership with neighborhoods and other stakeholders. The nonprofit’s core services include managing and increasing the number of affordable rental properties, particularly in Louisville’s West End, its home repair programs, and building community by being tireless advocates for neighborhood residents.
New Directions was founded in 1969 by St. William, a small Catholic Church in west Louisville and incorporated in 1971 as a 501(C)3.
