Housing

Local News
9:10 pm
Mon March 10, 2014

Smoketown's Sheppard Square Gets Fresh Start

Efforts to revitalize the Smoketown neighborhood’s Sheppard Square housing development are nearing completion and residents are beginning to move into new apartments.

The $96.5 million renovation began in 2012 and is the third Hope VI project in Louisville. Hope VI is a federally led effort aimed at eradicating distressed public housing.  Nearly $22 million for the project came from federal funds.

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Local News
12:04 pm
Wed March 20, 2013

Two Full-Time Minimum Wage Jobs Needed to Pay for a 2-Bedroom Apartment in Louisville

Credit Shutterstock.com

Louisvillians must earn $14.07 per hour at a full-time job to afford the $731 cost for a two-bedroom apartment in the metro area, said a recent study from the National Low Income Housing Coalition.

Louisville minimum-wage earners need nearly two full-time jobs to cover those rent costs—a difficult proposition for single parents.

The analysis considers fair market rent for a "decent" apartment, which calculating that renters would spend no more than 30 percent of their earnings on housing.

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