River City Housing

                                                          

Who We Are 

🔩 The Nuts & Bolts: River City Housing (RCH) is a non-profit, single-family home developer focused on providing affordable, high-quality, and energy-efficient homes for our homebuyers. We improve the quality of life for low and moderate-income families and strengthen neighborhoods by developing safe and affordable housing. Our vision is that all people in Metro Louisville will have access to a quality home they can afford that enriches their lives.

🚪 Opening Doors: River City Housing has developed and sold over 230 new construction and extensively renovated single family homes that are sold to income-qualified families purchasing their first home. We started our development work building over 100 scattered sites, single family, new construction homeownership units.  We want to make sure our homebuyers are successful so we make sure sure they can afford their homes long-term. We do this through affordable mortgages (made possible through down payment assistance), energy efficiency, low maintenance exteriors and updated or new electric systems, plumbing and HVAC.

What Sets Us Apart

🔨Building the Framework: River City Housing creates pathways to homeownership while safeguarding against anti-displacement through long-term affordability housing models.  We ensure the success of our homebuyers by intentionally focusing on developing high-quality and energy efficient homes that  are affordable at the time of purchase, affordable monthly with lower energy costs,  and affordable long-term with fewer repair and maintenance costs.  RCH has taken the lead in incorporating green-building techniques for the affordable housing industry in our market by building Louisville's first affordable Zero Energy Ready, Certified Passive House and installing solar panels on several of our upcoming homes. 

🏘️ Laying the Foundation: RCH recently created an innovative, lasting affordability program in Louisville called the RCH Shared Equity Program.  The RCH Shared Equity Program offers a principal reduction to reduce the initial sales price for homebuyers making it much more affordable, and in exchange the buyer must agree to a deed-restricted resale price.  This mechanism ensures the home remains affordable long-term in appreciating neighborhoods by requiring those homes be sold only to another low-income, first-time homebuyer.  The homes are also receive a special code at the PVA so the sales prices do not negatively impact area comps in the neighborhood. One of the most effective ways to immediately begin preserving affordable housing and preventing the displacement of residents in neighborhoods experiencing significant redevelopment is through a Shared Equity Program model.

🧱 Brick by Brick: River City Housing is also in the process of developing the first 15 homes for Louisville's 1st Community Land Trust, the Smoketown Community Land Trust. Community Land Trust models also provide permanent affordability by granting ownership of the land to the Community Land Trust while the homeowner purchases and owns the home.  To ensure lasting affordability within the neighborhood, the homes are sold at a significantly lower purchase price in exchange for the deed-restricted resale price. Most importantly, Community Land Trusts are community owned and community controlled so the community has a voice and makes the decisions around the development that will or will not happen in their respective communities. 

Why Should You Support Us

🔑 You Hold the Keys: As a result of the rising interest rates, sales prices, and the cost of living in Louisville without wage increases to match, there is a critical lack of affordable housing in our community. Your donation today helps a family buy a home and when that family moves, the affordability stays with the house.  

Your single gift creates a permanent sanctuary for generations of local families. 

How Can You Help?  We're glad you asked.  

We would greatly appreciate your support.