Development Status

Total Neighborhood Investment

Approximately $240 million (combined public/private funds)

Total Sub Division Development

Approximately $180 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.

Project Partners

Private lenders and investors, the City of Louisville, Housing Authority of Louisville, U.S. Department of Housing and Urban Development, The Community Builders, Inc., and the Louisville Real Estate Development Company

Completion Timeline

Target date is April 2008

• The first HUD grant was made in October 1996
• Phase I, The Oaks at Park DuValle, launched in October 1996 and completed Spring 1998
• Phase II, The Village of Park DuValle, infrastructure work began April 1998

Total Number of Units To Be Built

Approximately 1,100

*Includes the Town Center (commercial/retail occupancy), a 59-unit elderly building, a 19-unit multifamily building, and 30 multifamily townhomes