WAVE 3 News Editorial - May 12, 2016: Affordable Housing

WAVE 3 News Editorial - May 12, 2016: Affordable Housing

LOUISVILLE, KY (WAVE) - Affordable housing is a major problem right now in Louisville.

There is an unmet need of nearly 60,000 affordable housing units in Louisville and more than 200,000 people have an income below what is need to afford rent and utilities. The housing market overall is as tight as it has ever been, exacerbating the issue.

We need a dedicated source of funding for the Affordable Housing Trust Fund in our community so we can build and rehabilitate more units of affordable housing.

We should change the land development codes so developers receive incentives to build affordable units.

Higher percentages of entitlement funds allocated to local municipalities should be directed to housing and shelter.

We support Mayor Greg Fischer's goal of creating and retaining 24,000 affordable housing units over the next 15 years. It is a must do strategy for moving the community forward.

Copyright 2016 WAVE 3 News. All rights reserved.