New Affordable Housing Units to be Constructed in Louisville’s Russell Neighborhood

In a groundbreaking move to combat the affordable housing crisis in Louisville, a new project is set to bring relief to the Russell neighborhood. With over a dozen new housing units on the horizon, the $4.3 million initiative is a significant step towards addressing the pressing issue of affordable housing in the city.

Kevin Dunlap, President and CEO of REBOUND Inc., underscored the critical nature of the project, stating, “We do have a housing crisis in this city, more namely an affordable housing crisis.” The urgency of the situation is palpable, making the construction of 15 one- and two-bedroom apartments at The Richmond Apartments on West Market Street a crucial development.

The collaboration between the Louisville Urban League, REBOUND Inc., and the Louisville Affordable Housing Trust Fund marks a milestone in the effort to provide affordable housing options for residents in need. Lyndon Pryor, CEO of the Louisville Urban League, emphasized the organization’s commitment to supporting tenants by offering a range of services to help them achieve financial stability and potentially homeownership.

Named in honor of former Louisville Urban League President Ben Richmond, the project holds personal significance for his nephew, Mansa Holland, who sees it as a continuation of his uncle’s legacy in championing the growth of the West End. With construction expected to be completed by late spring, the Richmond Apartments project is poised to make a positive impact on the community and provide much-needed support for residents facing housing challenges.