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YOU CAN BE A HOMEOWNER

Are you ready for secure, stable, and sustainable housing? For less than you pay in rent, becoming a homeowner is possible. 

 

Click the link below to learn more about joining our RCH Shared Equity Program applicant pool to qualify for purchasing your 1st home at an affordable price.​​​

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 River City Housing shares an applicant pool with the Smoketown Community Land Trust, to maximize the availability of lasting affordable homeownership opportunities throughout Louisville. 

The SmoketownCLT builds homes only in Smoketown, and

River City Housing builds throughout the Metro area.

 

There is no link to apply, all potential applicants must enter the applicant pool and meet program requirements as listed below. 

1.    You must be a first-time home buyer (not owned a home in the past three years)

2.    Meet the current HUD annual income guidelines for households below 80% AMI 

                                                                        25-26 FY HUD Annual Income Limit Guidelines ​

                                                                           # in Household                       Max Income

1 Person                                  $54,150

 2 People                                  $61,850

3 People                                  $69,600

4 People                                  $77,300

5 People                                  $83,500

6 People                                  $89,700

3.    Complete HUD-certified New Homeowner Training (price varies)

4.    Must apply for and meet requirements for Down Payment Assistance with Louisville         Metro Down Payment Assistance Program 

5.   Provide a Metro DPA eligibility letter with maximum PITI listed

6.   Provide a lender Pre-Qualification letter from a program-approved lender 

Republic Bank- Steve Coleman (502) 592-0118,

Stockyards Bank- Melinda Golde (502) 625-9136,

Stockton Bank - Teri Knott (502) 208-8458,

Peoples Bank - Stacey Crowder (502) 499-4774,

7.   Provide Section 8 Housing Choice Voucher Worksheet (if applicable)

8.   Complete the combined RCH & SCLT Lasting Affordable Homeownership Program          Application.

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Resources: Programs
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