LOUISVILLE AND JEFFERSON COUNTY LANDBANK AUTHORITY, INC.

1
LOUISVILLE AND JEFFERSON COUNTY LANDBANK
AUTHORITY, INC.

• Louisville, Kentucky
• Mayor Jerry E. Abramson
• Melissa Barry, Chairman and President
• Melissa.Barry_at_LOUKYMETRO.ORG

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Snapshot of Louisville Metro

• Population approximately 700,000
• Total Housing units 305,835
• Vacant Housing Units 18,823 (6.2)
• Boarded Structures 2,000
• Vacant Lots 4,000
• 2005 FHA Mortgage Limit-172,632
• Median Family Income 58,187

3
City of Louisvilleand Jefferson CountyBefore
1988

• City Foreclosures
• County Foreclosures
• Commissioner Sale-Taxes Remained
• Acquisition more difficult
• No proactive in-fill housing program

4
Commonwealth of Kentucky1988 Legislation

• KRS 91.800-91.820
• Definition of Authority
• Definition of Local Government
• Board of Authority
• Definition of Property
• Definition of Tax Delinquency
• Housing Authorities

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Pre-1988 Taxing Entities

• City of Louisville, Kentucky
• Jefferson County, Kentucky
• Jefferson County Public Schools
• Commonwealth of Kentucky

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Inter-local Cooperation Agreement

• Purpose
• Organization
• Financing
• Staffing Responsibilities
• Acquisition and Disposal of Real Properties
• Duration and Termination

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By-laws and Amendments

• Establishment of Directors
• Meeting requirements
• Actions regarding disposition within given
  jurisdiction
• Officers
• Fiscal Agent identified
• Brownfields Amendment 1997
• Merger 2003

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Staff of Landbank Louisville Metro Housing and
Community Development

• Acquisition
• Maintenance
• Development Guidelines
• Disposition
• Quality Control

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The Land, Scarlett

• Approximately 4000 parcels acquired
• Approximately 3000 disposed
• Approximately 500 parcels in pre-development
  review
• Approximately 500 parcels being marketed for
  side yard invitation

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Louisville and Jefferson County, Landbank, Inc.
Addressing the problems of derelict, tax
delinquent properties through taxing entity
collaboration in order to redevelop the
Louisville Metro Community

• For more information on Louisvilles campaign to
  remove blighted and tax delinquent properties and
  their subsequent redevelopment please contact
• Melissa Beyl Barry, Director
• Louisville Metro Housing and Community
  Development
• 745 West Main Street, Suite 300
• Louisville, Kentucky 40202
• [phone]
• MELISSA.BARRY_at_LOUKYMETRO.ORG