BY JONATHON GREGG KENTUCKY

PUBLISHED 7:19 PM ET APR. 24, 2023

LOUISVILLE, Ky. — The Louisville Affordable Housing Trust Fund is dedicating $12 million to combat the effects of redlining in the city.

What You Need To Know

•  Louisville Affordable Housing Trust Fund is dedicating $12 mil toward housing loans in redlined neighborhoods
•  A program called REVERT will help interested home owners rehabilitate, demolish or build new homes in historically redlined neighborhoods
• The program will giver up to $50,000 in forgiveable loans for applicants who meet the requirements.

LOUISVILLE, Ky. (WDRB) — A new program launching in Louisville is offering up to $50,000 to 200 families to clean up and and purchase homes in neighborhoods there were previously affected by redlining. 

According to the Louisville Affordable Housing Trust Fund, redlining is defined as, “a discriminatory practice of denying or offering less favorable loans for housing to people in certain neighborhoods or areas based on their demographics or perceived risk.” The fund goes on to state that the practice, “contributed to the racial segregation and inequality that shaped the way America looks today.”

The term originated in the 1930s when the fund said lenders would draw red lines on maps to mark areas they would avoid.