As the population of Downtown Louisville has grown in recent years, so too has the demand for urban housing. Over the last decade, numerous residential developments have been completed Downtown to accommodate for the growth in Louisville’s urban core. Encouraged by this increased trend in urban living, the Louisville Downtown Development Corporation, in conjunction with fifteen member organizations, formed the Downtown Housing Fund in 2001. Formed as a public/private partnership, the Downtown Housing Fund uses both public and corporate dollars to serve as a secondary financing option for market-rate residential housing projects Downtown. In addition to the Housing Fund, the Low Income Housing Tax Credit (LIHTC) provides a dollar for dollar tax credit to developers who build low income housing units. Both of these incentives encourage continued residential growth and ensure that a diverse urban core will remain a highlight of Louisville’s Downtown. Listed below are some of the many options available to residents wishing to live Downtown.
Click here for Downtown Housing Fund Information


The Harbison

711 W. Main Street

20 condominiums
Seven 1 Bedrooms, 664-1,311 sf
Nine 2 Bedrooms, 1,056 - 2,449 sf
Two 3 Bedrooms, 2,321 - 2,497 sf
Two Efficiency Units, 568 sf
Sales Prices range from $130,000 - $575,000 (2008-2010)

This building, originally built in 1860, was renovated into condos in 1986, making it a downtown pioneer. It is in the heart of the West Main District and Museum Row – including the Muhammad Ali Center, The Kentucky Center for the Arts, Frazier Historical Museum, Louisville Slugger Museum, and Louisville Science Center/IMAX – and is directly across the street from 21C Museum Hotel and Proof restaurant. It is also steps away from Fort Nelson Park, one of downtown’s most charming amenities. It has a 24 hour security guard and closed circuit cameras. The units have hardwood floors and there are waterfront views.


Galt House Suite Apartments

141 N. Fourth St.

The Galt House offers a unique amenity in downtown: fully furnished, extended stay suites. Its location means that the one- or two-bedroom extended-stay apartments, which range from 1,100 to over 2,000 square feet, all have waterfront views. The leases are available short-term or yearly, and the amenities includes weekly housekeeping, wi-fi, private covered parking, admission to the fitness center and use of the seasonal pool. In addition, there is access to the hotel’s amenities, including room service and on-site restaurants, lounges and delis. Rates vary significantly.


Louisville Glassworks Lofts

815 W. Market St.

33 Lofts
Unit size: 782-2,625 sf
Rate: $626-$2,000 rental
Year built: 1910
Last renovated: 2001

This mixed-use development features a dynamic mix of live/work space over a glass hot shop and gallery space and lower floor restaurant/club. Its open floor plan units feature huge windows with great city views and a rooftop deck. Several spaces in the building can be rented for events. The location is adjacent to the Ninth Street exit/entrance to I-64–a fitting gateway to downtown and directly across the street from the new Zirmed headquarters building. The area is slated for additional development, as well. Some parking is available within the building.

The Levy

133 S. Third St.

23 Condominiums
Six 1 Bedroom Units (848-1,009 sf)
Six 2 Bedroom Units (1,094-1,680 sf)
Eight 3 Bedroom Units (1,512-3,179 sf)
Three Efficiency Units (844-1,000 sf)
Sale Prices: $167,000-$350,000 (2007 – 2009)

This building, originally constructed in 1910 but renovated in 2001, originally housed the Levy Brothers Department store. Located across from the Convention Center on the corner of Third and Market, the building also houses the Old Spaghetti Factory. In addition to its central location, it offers 24-hour security access, units with hardwood floors, a fitness center, storage lockers and a roof deck.

329-331 East Market

329-331 E. Market St.

4 Apartments
Two 2 Bedroom Units (1,500 sf)
Two Efficiency Units (1,400 sf)

The Carlysle

201 E. Main St.

18 Apartments
Five 1 Bedroom Units (650 sf)
Nine 2 Bedroom Units (800-1,200 sf)
Four Efficiency Units (550 sf)

MTM Building

234 E. Main St.

Four Two Bedroom Apartments (2,000 – 2,500 sf)

Last Renovated in 1990, this building is close to the Bluegrass Brewing Company, Humana’s Waterside Building, and a short walk to Waterfront Park and Slugger Field. It features on-site parking and a fenced lawn area to the rear.

110 Building

110 W. Main St.

Two Efficiency Units (1,907 – 2,334 sf)

This building is now the home to Impelizerri’s Pizza. Built in 1906, it was renovated in 2006. It is close to the KFC YUM! Center and Waterfront Park.

East Market Lofts

325-327 E. Market St.

6 Two Bedroom Condominiums (1,299-1,845 sf)
Sale Price: $260,000-$336,030 (2007-2009)

This 1885 building was renovated into condos in 2006 in the heart of the East Market/NULU district. It features secured garage parking, and some of the units have skylights. Residents have access to a private garden. The building also has retail on the ground floor.

Mercantile Gallery Lofts

309 E. Market St.

42 Condominiums (some leased as rental)
Five 1 Bedroom Units (696-1,041 sf)
Twelve 2 Bedroom Units (1,006-2,093 sf)
Twenty Five Efficiency Units (668-1,044 sf)
Sale Price: $179,000-$384,000

The development features a first floor common area with billiards/poker table, theater room, fireplace lounge, fitness facility and laundry. It is a block from the Louisville Slugger Stadium, close to Waterfront Park and near numerous restaurants. The restoration of this late-ninteenth century group of building blends contemporary elements such as open floor plans, high ceilings and significant glass expanses, was completed in 2008.

Park Place Lofts

400 E. Main St.

22 Condominiums
22 Efficiency Units (792 – 1,802 sf)
Sale Price: $170,000-$337,500

Park Place Lofts is located directly across from Slugger Field. Many of the lofts feature balconies, and the first floor has a commercial component.

Preston Pointe

333 E. Main St.

4 Two Bedroom Condominiums (2,019-2,915 sf)
Sale Price: $243,300-$700,000

This building, which received the Citation for Excellence from the Kentucky Society of Architects, is steps from Slugger Field and one block from Waterfront Park. Primarily office, the four condo units enjoy on-site secured parking and balconies overlooking the Park and Baseball stadium.

Waterfront Park Place

222 E. Witherspoon St.

81 Condominium Units
Ten 1 Bedroom Units (1,273-2,421 sf)
Fifty-eight 2 Bedroom Units (1,312-6,381 sf)
Eight 3 Bedroom Units (1,759-7,949 sf)
Two 4 Bedroom Units (2,540-4,855 sf)
Sale Price:$350,000-$3,228,820

This luxury highrise is a 22-story residential skyscraper steps from Waterfront Park. In addition to full concierge service, a new pool balcony, private party and meeting spaces and a fitness facility provide additional amenities. Glass comprises 75% of the exterior, affording amazing views of the river and downtown.

Fleur-de-Lis on Main

324 E. Main St.

82 Two Bedroom Condominiums (1,067-2,016 sf)

Sale Price: $240,000-$540,000

The Fleur de Lis on Main a five-story development at the corner of Preston & Main St in downtown Louisville. Street level retail space and secured, underground parking occupy the base levels of the building. Each of the units has a balcony with either courtyard or street views. Many of the units also feature fireplaces.

550 Lofts

550 S. Fifth St.

8 Loft Condominiums (1,211 - 1,613 sf)
Sale Price: $213,000 - $290,000 (past two years)
The 2005 renovation of this 1920’a building provided balconies, secure underground parking and 24 hour security, all close to Broadway and the Theater District.

Downtown Housing Fund

In 2001, DHA LLC, the Downtown Housing Fund, was established by a group of 15 member organizations. The intent of DHA, as articulated in its mission statement, is "To stimulate the production of market rate housing units in the central business district and adjacent neighborhoods by providing attractive secondary financing assistance.”

DHA was established through an innovative public/private financing mechanism. The City of Louisville provided a grant for about one-half of the funds. Fourteen other members provided the other half. It was created as a catalyst to jump start Downtown housing, in order to address specific obstacles to the development of market rate housing in Downtown:

    * The Existing stock was mostly low-income;
    * A general lack of understanding of urban housing market;
    * Risk aversion on the part of bankers, developers, investors;
    * A lack of easily assembled properties;
    * A lack of appropriate sales comparables;
    * A lack of urban-oriented developers;
    * A lack of supply

The Membership, in addition to the City of Louisville consisted of eight banks:

          o US Bank
          o Bank One
          o Louisville Community Development Bank
          o PNC Bank
          o Stockyards bank
          o 5/3 Bank
          o National City
          o BB&T

These banks all still participate, however Bank One is now JP Morgan Chase and National City is now part of PNC.

In addition to the banks, six Corporations have participated, and remain as members:

          o Humana
          o LG&E
          o Norton Healthcare
          o Brown Forman
          o Brown and Williamson
          o Papa John’s

Total Capitalization was initially $6.7 million; this amount has grown due to interest paid to the fund and is currently slightly over $7.2 million.

The fund is driven in part through some very rigid lending principals. All fund participants have been clear from the beginning that funding will only be awarded in the following standards are met:

    * Fund only viable, good projects
    * Step into process/investment early to build confidence
    * Underwritten as a private sector deal
    * Not meant to be permanent – sunsets in 2012
    * Wide range in scale of loans: $45K to $2.5 million
    * Mix of housing types, price range, for sale/rental

DHA funds serve as secondary financing at a blended rate based upon first mortgage terms, usually with the bulk of the funds at 1% below the first mortgage amount. This usually represents between 10-20% of total project financing.

Since the Fund’s inception, results have been enormously positive. Since the fund’s inception, 1,238 additional units have been developed or are currently under construction. DHA has directly funded 412 of these; the remaining 826 all have followed in the footsteps of the first handful of DHA funded projects.

Housing Tax Credit

One of three current tax mechanisms available to housing developers in Downtown Louisville is the Low Income Housing Tax Credit (LIHTC). This is a dollar-for-dollar tax credit for affordable housing investments, created under the Tax Reform Act of 1986 (TRA86). It gives incentives for the utilization of private equity in the development of affordable housing for use by low-income Americans.

The first step in this process is for a project owner to submit an application to a the Kentucky Housing Finance Agency. Details about the application process and more information about how the LIHTC can be used can be found at their website, which is

The second of these three current tax mechanisms available to housing developers in Downtown Louisville is the Federal Historic Preservation Tax Incentive. This in incentive comes in two forms:

  • The 20% rehabilitation tax credit equals 20% of the amount spent in a certified rehabilitation of a certified historic structure.
  •  The 10% rehabilitation tax credit equals 10% of the amount spent to rehabilitate a non-historic building built before 1936.
The first step in this process is for a project owner to submit an application to the State Historic Preservation Office (SHPO). Details about the application process and more information about how this tax credit can be used can be found at National Park Service website, which is

The third current tax mechanisms available to housing developers in Downtown Louisville is the State Historic Preservation Tax Incentive. This in incentive comes in two forms:

    * 30% of qualified rehabilitation expenses is offered as a state tax credit for owner-occupied residential properties.  A minimum investment of $20,000 is required, with the total credit not to exceed $60,000
    * 20% of qualified rehabilitation expenses is available for all other properties, requiring a minimum investment of $20,000 or the adjusted basis, whichever is greater.  The total credit for a project must not exceed $400,000
    * "Other" properties include commercial and industrial buildings, income-producing properties, historic landscapes and properties owned by governments and non-profit organizations

More information on how this tax credit can be used can be found at the State Historic Preservation Office website,

556 South Fourth Street, Louisville, KY 40202 | (502) 584-6000