Congressman John Yarmuth recently announced $3 million in funding for the conversion of St. Bartholomew’s school in Kentucky to enable the development of the existing structure into 24 units of senior housing. Catholic Charities of Louisville and co-developer, The Housing Partnership, Inc., will develop the structure which was built in 1942 and in use as a school until 2006. Scheduled to open in 2011, this is Catholic Charities seventh senior housing project and fifth with the Housing Partnership, Inc., a local non-profit which works to develop affordable housing opportunities.
“Catholic Charities and the Housing Partnership continually make invaluable contributions to our community,” said Congressman Yarmuth. “I am thrilled that federal dollars will soon support this latest project, providing critically needed affordable housing options for Louisville seniors, as well as spurring economic development and creating jobs.”
Funding for the project is provided by the U.S. Department of Housing and Urban Development’s Section 202 Program that provides capital advances to finance the development of low-cost housing for the elderly.
“This work benefits the entire community,” said Steve Bogus, Executive Director of Catholic Charities. “It generates revenue for the parish while creatively reusing property to provide safe affordable housing essential for our seniors, especially those with fixed incomes.”