Park DuValle Revitalization
The Villages of Park DuValle
Clarksdale
Hope VI Revitalization
Liberty
Green
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General
Highlights
- Total Funding Cost: More than $200 million
(a mix of public and private funds)
- Phase
I area: 4-blocks bounded by Jefferson, Jackson, Muhammad
Ali and Clay
- Phase
II area: 2-blocks bounded by Jefferson, Clay, Muhammad Ali
and Shelby
- Clarksdale
resident relocation complete
- Clarksdale
demolition complete
- Phase
I construction began June 2005 with completion scheduled
for March 2009
- Phase
I occupancy began Spring 2006
- Phase
II construction began December 2007 with completion scheduled
for January 2009
- Price
range: Leased apartments and town homes: $475 – $699
monthly (based on income); Home Sales: town houses priced
from about $105,000 - $300,000
Projected
economic impact of construction
-
To
date, produced 200 additional jobs, paying nearly $6
million in wages
-
Life of project, 2,883 total jobs; 1,433 direct impact
(jobs)*
-
$85
million in total payroll; $42 million direct impact
(payroll)
-
$8.1 million in state/local tax revenues; $5.2 million
state, $2.9 million local
*Direct effects refer to on-site activity
attributable to actual spending funded through the Liberty
Green project itself. The additional effects that produce
the total jobs, wages, output and taxes are the result
of the spin-off or multiplier effects
Leased
apartment and town home amenities
Includes, but is not limited to: wall-to-wall carpeting,
central air, cultured marble vanity top, dishwasher, garbage
disposal, washer dryer hookups, 9’ ceilings, internal
wiring, some porches and ceiling fans, on-site management
office.
Energy
Star
The Energy Star designation means than all constructed
buildings and units are 30 percent more efficient than
required by building codes, resulting in dramatic savings
in energy costs for consumers who lease or purchase homes.
Energy Star features include higher levels of insulation,
high efficiency heating and cooling, energy efficient
windows and enhanced ductwork (less drafty).
Project
Partners
Residents, Louisville Metro Housing Authority (LMHA), U.S.
Dept. of Housing and Urban Development, Louisville Metro
Government, housing developer partners, private lenders
and investors.
LMHA
Developer Partners
On-Site Leased Apartments and Town Homes: The Community
Builders, Inc.
Off-Site: New Directions Housing Corporation and The Housing
Partnership Inc.
For-Sale Town Houses (The Edge at Liberty Green): Bill
Weyland and Holly Weidemann
Liberty
Green HOPE VI Goal
To develop a mixed-income community with heightened livability
for residents, reintegrate the site into the fabric of adjoining
neighborhoods, and reduce the negative effects of concentrations
of low-income families in one tightly constrained area.
Neighborhood
Design
Urban Design Associates crafted the master plan, building
on the historic character of Louisville, using a mix of
attractive housing types that will not distinguish or indicate
the income of the residents. The new community will
include street improvements, parks and commercial development
to serve residents.
Programs
and support for residents
Four case managers were hired; programs offered include,
but are not limited to: computer training and job placement,
GED, home ownership counseling, financial skills, construction
training program, scholarship and Youth IDA program.
Clarksdale
background
A 65-year old public housing development was comprised of
713 dwelling units and 15 non-dwelling units.
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