30 Units of Historic, Adaptive Reuse Senior Housing Opens in Louisville, Kentucky

(Most Blessed Sacrament Senior Apartments consists of 30 units of senior housing developed by Housing Partnership Inc.)

September 23, 2014 – Most Blessed Sacrament Senior Apartments in Louisville, Kentucky involves the $7 million adaptive reuse of a former historic Catholic school building constructed in 1937 and converted into 30 one-bedroom housing units. The former convent, constructed in 1952, serves as a Community Service Facility that provides financial literacy and homebuyer/renter counseling services for the community at large.

The LEED certified development features a community room with a kitchenette, laundry facilities, management/maintenance offices, and a gazebo/patio area. Units include new stainless steel double sinks, electric ranges, dishwashers, new baths, new tile and carpet flooring, and new heating and central air conditioning.

Most Blessed Sacrament Senior Apartments was developed using a combination of low-income housing tax credits administered through the Kentucky Housing Corporation (KHC), bond financing issued from KHC through Citizens Union Bank, funding from the U.S. Department of Housing and Urban Development, and state historic preservation credits from the Commonwealth of Kentucky. Equity investment was provided by Ohio Capital Corporation for Housing.

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