Overview
What is Louisville Metro Affordable Housing Trust Fund Inc?
Louisville Metro Affordable Housing Trust Fund Inc, established in 2008, is a nonprofit organization dedicated to addressing the housing needs of Metro Louisville's community. The organization, headquartered in Louisville, Kentucky, utilizes public funds to support housing for various groups, including seniors on fixed incomes, people with serious disabilities, young families, veterans, and working individuals whose wages fall short of meeting housing expenses in the Metro Louisville area. The Louisville Affordable Housing Trust Fund (LAHTF) serves as a crucial financing source for developers creating or managing affordable housing units. The eligible uses of financing encompass property acquisition, construction financing, and permanent financing. By ensuring affordable housing, LAHTF aims to open doors to opportunities and contribute to the overall well-being of the community.
Official website here: www.louisvilleahtf.org
Is Louisville Metro Affordable Housing Trust Fund Inc legitimate?
Louisville Metro Affordable Housing Trust Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louisville Metro Affordable Housing Trust Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $110,181
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,581
For more financial information, click here
Official website here: www.louisvilleahtf.org
What is the mission statement of Louisville Metro Affordable Housing Trust Fund Inc?
The Louisville Affordable Housing Trust Fund (LAHTF) was established in 2008 as a means for the Metro Council to invest public funds into the type of housing that the community necessitates. This includes housing for individuals on fixed incomes, such as seniors and those with serious disabilities, as well as for young families starting out, veterans, and working people whose wages are insufficient to live in Metro Louisville. The LAHTF is grounded on the principle that a place to call home opens up opportunities, and that the entire community benefits when everyone has a decent place to reside. The LAHTF offers gap financing for developers creating or managing affordable housing units. Eligible uses of financing include property acquisition, construction financing, or permanent financing.
Official website here: www.louisvilleahtf.org
Who is the CEO of Louisville Metro Affordable Housing Trust Fund Inc?
Christie Mccravy is the Executive Di of Louisville Metro Affordable Housing Trust Fund Inc.
Official website here: www.louisvilleahtf.org
What is the revenue of Louisville Metro Affordable Housing Trust Fund Inc?
Louisville Metro Affordable Housing Trust Fund Inc's revenue in 2020 was $6,966,265.
Official website here: www.louisvilleahtf.org
Who are the executives of Louisville Metro Affordable Housing Trust Fund Inc and what are their salaries?
There 13 volunteers at Louisville Metro Affordable Housing Trust Fund Inc.
Here are 14 key members and their salaries:
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Official website here: www.louisvilleahtf.org
Where can I find the form 990 for Louisville Metro Affordable Housing Trust Fund Inc?
Louisville Metro Affordable Housing Trust Fund Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.louisvilleahtf.org
Learn more at the official website: www.louisvilleahtf.org
Mission Statement of Louisville Metro Affordable Housing Trust Fund Inc
Louisville Metro Affordable Housing Trust Fund, established in 2008, was established by Metro Council as a means to invest public funds into the type of housing that the community requires. This organization targets specific population groups, including individuals on fixed incomes such as seniors and people with serious disabilities, young families starting out, veterans, and working people whose wages are insufficient to live in Metro Louisville. The Louisville Affordable Housing Trust Fund is founded on the principle that a home to call one's own is a key to unlocking opportunities, and that a stronger community emerges when everyone has access to a decent living space.
The Louisville Metro Affordable Housing Trust Fund serves as a source of gap financing for developers involved in the creation or management of affordable housing units. Eligible uses of financing include property acquisition, construction financing, or permanent financing. By providing financial assistance in these areas, the Louisville Metro Affordable Housing Trust Fund plays a crucial role in ensuring that affordable housing is available to those who need it most, thereby contributing to a more equitable and inclusive community.
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Impact
October, 2024
The Louisville Metro Affordable Housing Trust Fund Inc. has a significant impact on the community by addressing the critical need for affordable housing in Louisville. Since its establishment in 2008, the trust fund has been instrumental in safeguarding vulnerable populations, including seniors, individuals with disabilities, young families, veterans, and working-class individuals whose incomes do not suffice for housing in the area.
By providing gap financing for developers, the fund enables the creation and management of affordable housing units that are essential for maintaining community stability and diversity. This financing supports various needs, including property acquisition, construction financing, and permanent financing, which collectively help to increase the availability of decent homes for those in need.
The principle underpinning the trust fund's mission is that having a stable place to live opens the door to increased opportunities for residents, thereby enhancing the overall well-being of the community. Through its efforts, the fund plays a crucial role in promoting social equity and ensuring that all residents have access to safe, affordable housing, ultimately contributing to a healthier and more cohesive community in Louisville.
This information is meant to be a general summary of Louisville Metro Affordable Housing Trust Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Investment Income: $10,250
- Program Service Revenue: $289,048
- Gross Receipts: $6,966,265
Assets and Liabilities:
- Total Assets: $10,738,725
- Total Liabilities: $46,338
- Net Assets: $10,692,387
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE LOAN DISCOUNT AMORTI
Revenue
$185,188
LOAN INTEREST
Revenue
$101,185
PROGRAM REVENUE
Revenue
$2,675
Organization Details
Founding Year
2008
Phone
(502) 637-5372Principal Officer
Christie Mccravy
Main Address
1469 SOUTH 4TH STREET SUITE 300, LOUISVILLE, KY, 40208
Website
www.louisvilleahtf.orgNTEE Category
Code: L20 - Housing
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