New Direction Housing Corporation is a nonprofit developer of affordable housing that has provided one AFI grant since 2006, with the objective of helping participants become first-time home buyers in the Newburg neighborhood.
The corporation emphasizes homeownership, with the goal of helping participants become first-time home buyers and increasing their knowledge of personal finance and asset building. This grantee has been successful in achieving home purchases.
Partners
The corporation partners with Newburg Weed and Seed Steering Committee, Louisville Urban League, Housing Partnership, Inc., National City Bank, and PNC Bank to provide participant prescreening services, assistance with outreach, one-on-one financial counseling sessions, and financial education.
Assets for Independence Grant History
Project Title
Newburg IDA Program
Highlights/Outcomes
76 IDAs have been opened.
25 participants have received financial education.
$52,681 saved by participants.
13 participants have purchased an asset.
Total AFI Funding
Total AFI Grant Funding:
$100,000
Total Non-Federal Support: $100,000
Focus Population
New Direction Housing Corporation targets eligible low-income individuals and families of the Louisville metro area.
Contact
New Directions Housing Corporation
1000 E. Liberty Street Louisville, KY 40204
(502) 589-2272 www.ndhc.org
