The Housing Partnership, Inc.

Street Address:
333 Guthrie Green
Suite 404
Louisville, KY 40202


Phone: 502-585-5451
Fax: 502-585-5568
Website: www.wearehpi.org

Lynn Luallen, President

Contact Name: Lynn Luallen
Phone: 502-814-2713
Fax:
Email: lluallen@housingpartnershipinc.org


Staff Size: Full Time: 57    Part Time: 1

Background
Established in 1990 with a vision to empower families, preserve neighborhoods and promote housing opportunities for wealth building. The Housing Partnership is proud to have made great strides in educating the public of the housing needs of our community and helping families and individuals to realize the dream of home ownership. The Housing Partnership became a member of NeighborWorks® America in 2005.

Mission
To create, sustain and promote access to affordable housing.

Total Operating Expense (9/30/2007): $2,220,761

 Lines of Business
  • Asset and Property Management

  • Home Ownership Promotion Services

  • Lending and Loan Portfolio Management

  • Real Estate Development


    • National NeighborWorks ® Programs
  • NeighborWorks Campaign for Home Ownership
  • NeighborWorks Multifamily Initiative
  • NeighborWorks Rural Initiative

    • Accomplishments in FY 2008
  • Provided 209 families with pre- and post- purchase housing counseling.
  • Rehabilitated or repaired 0 rental or owner occupied units (1-4 units).
  • Assisted 103 families in purchasing a home through homeownership counseling, downpayment, closing cost or financing assistance.
  • Owned or managed 519 rental units.
  • Invested $ in the community through The Housing Partnership, Inc.'s revolving loan fund, which leveraged $18,341,168 from conventional lenders and other sources.
  • Total direct investment in the community is $18,341,168.

    • Additional Accomplishments
    Date Additional Accomplishment
    8/31/2005 Developed Southern Farms, a 128 single-family home development in Louisville, southwest Jefferson County.
    8/1/2005 Developing 69 single-family houses in 17 neighborhoods to become permanent public housing, as part of a HOPE VI project.
    7/1/2005 Currently developing Fawn Lakes, a 226 unit subdivision that is the first to utilize the Alternative Development Initiative.
    6/30/2005 Expanded outreach office network to offer persons living in neighboring counties face-to-face counseling in their home area.
    6/30/2004 Developed over 80 single-family residences in Louisville's California neighborhood, while partnering with the neighborhood association for community assessment and revitalization.
    9/30/2004 Enhanced Personal Finance/Financial Literacy curriculum to include "Don't Get Ripped Off," a class that heightens awareness of the high costs of using alternative lending services to all clients. This class is attended upon entering the counseling program, enabling the client to understand the true costs of payday lenders, rent-to-own centers, buy here/pay here and others outside of the housing areanas. The expectation is that more enrollees will more quickly understand the need to resolve credit issues forcing them to use these types of services. This class is in addition to a full predatory lending couse taught near the end of the program.
    7/30/2004 Received a grant for $52,800 from Louisville Metro for housing production.
    1/31/2005 Awarded $126,000 from Housing Partnership Network to provide housing counseling.
    6/30/2005 More than 500 clients were educated on the warning signs of predatory lending. Also, foreclosure avoidance rate for the FY05 was 78%.
    6/30/2005 Raised over $25,000 in FY05 with the Champions of Homeownership luncheon.
    9/1/2004 Assumed control of Greystone Apartments, a 220 unit distressed complex. Rehabilitation of property into Partridge Pointe included not only paint, carpet and appliances, but new management and leasing policies to address maintenance and security issues.
    6/30/2005 Since the inception of the low income housing tax credit program in 1986, The Housing Partnership has assisted in the development of nearly 4,000 units. These units of housing generated an estimated total development cost of $223 million.
    6/30/2004 Assisted 175 families to avoid foreclosure of their home.
    4/1/2005 Obtained an American Dream and Welcome Home grant from the Federal Home Loan Bank. The grant provides additional downpayment, counseling and closing costs assistance to immigrant and disabled families. Total amount of buyer subsidies obtained was $90,000.
    11/30/2004 Awarded contract as off-site developer for the Clarksdale HOPE VI project by creating a partnership with another local, non-profit organization.
    6/30/2006 Enrolled 1,019 persons in home ownership counseling and education program.
    2/28/2006 Completed renovation of 74 units of Bradford Pointe Apartments.
    6/30/2006 Awarded HUD funds totaling $2,628,000 to rehab St. Cecilia School for 30 units of senior housing.
    6/30/2006 Contracted with Louisville Metro to develop 24 single-family houses in the Newburg neighborhood (Brenda Drive).
    6/30/2006 Graduated 352 persons from home ownership and counseling program.
    6/30/2005 Graduated 438 persons from home ownership and counseling program.
    6/30/2006 Assisted 417 families to avoid foreclosure of their home.
    6/30/2005 Created 473 homeowners in the community.
    6/30/2005 Assisted 467 families to avoid foreclosure of their home.
    6/30/2006 Created 384 homeowners in the community.
    7/3/2006 Contracted Campbell & Company, Cleveland, Ohio to conduct a philanthropic market study for fundraising opportunities.
    10/31/2006 HPI became a FHA correspondent.
    10/31/2006 HPI became a Kentucky Housing Corporation mortgage loan originator.
    10/31/2006 HPI became a HUD approved mortgage loan originator.
    12/29/2006 HPI developed plans to implement a property management division in FY08.
    12/29/2006 Completed development of 69 single family houses for the Clarksdale housing HOPE VI project.
    6/6/2007 Held "Champions of Home Ownership Luncheon," an annual NeighborWorks® America Week fundraising event. Increased donations by 20% over 2006.
    6/29/2007 HPI became a NWA full-cycle lender.
    6/29/2007 Completed 600 compliance reviews on tax credit projects.
    8/31/2006 HPI rolled out a new website design and a new logo.
    12/29/2006 Completed rehabilitation of 276 units in the Partridge Pointe Apartments project.
    3/30/2007 HPI completed construction on 34 units in the Zion Senior Apartments generating $62,000 in development fees.
    3/30/2007 Redesigned brochures for all HPI lines of business so the brochures can be used individually or as a complete package.
    9/29/2006 Hired a local accounting firm to conduct an information technology audit and assist in creating a three-year information technology plan.
    9/29/2006 Restructured the Board of Directors based on a Board Source survey findings.
    1/31/2007 HPI became a member of NeighborWork® America's Campaign for Homeownership.
    1/31/2007 Extended outreach program for Home Equity Conversion to 12 senior groups.
    5/31/2007 Secured approval from NeighborWorks® America to participate in Success Measures, participatory evaluation process that determines organization's impact on the community.
    6/30/2007 Enrolled 1,244 persons in HPI counseling and education program.
    6/30/2007 Graduated 284 persons in HPI counseling and education program.
    6/30/2007 Created 296 homeowners from HPI counseling and education program.
    6/30/2008 Creation of four new lines of business: construction, property management, home mortgage loans and foreclosure intervention.
    6/30/2008 Successfully recapitalized a 276-unit distressed multi-family property using a tax exempt bond issue and low income housing tax credits, which significantly improved net assets for organization.
    6/30/2008 Relocation of counseling division into new NWA HomeOwnership Center.
    6/30/2007 HPI joined NWA Rural Initiative.
    6/3/2008 Held annual "Champions of Home Ownership" luncheon (annual fundraiser)during NWA week increasing revenue 54% over 2007.
    11/9/2007 HPI accepted into NWA Multi-Family Initiative.

    Community Services
  • Financial Planning and Assistance

  •  Down-payment Assistance

  •  Financial Education

  •  Foreclosure Prevention Training

  •  Low Income Housing Tax Credit (LIHTC)

  •  Reverse Mortgage

  • Green Building and Home Improvement

  •  Home Maintenance Training

  •  Home Safety and Security

  • Housing Programs and Home Ownership Counseling

  •  Home Ownership Center

  •  Home Ownership Counseling

  •  HomeBuyers Club

  •  Housing for Elderly

  •  Housing for Homeless

  •  Rental Housing

  •  Section 8 Housing


    • Board of Directors
    NameBoard Role/TitleSectorCompany/OrganizationJob Title
    Hon. Jerry E AbramsonBoard Member Ex Officio; Board Member Non-VotingCounty GovernmentLouisville Metro GovernmentMayor, Louisville Metro
    Mr. Barry BarkerBoard MemberNon-Profit InstitutionTransit Authority of River CityExecutive Director
    Mr. Tim BarryBoard MemberCounty GovernmentLouisville Metro GovernmentExecutive Director, Louisville Metro Housing Authority
    Mr. Steve BogusBoard MemberNon-Profit InstitutionCatholic Charities of LouisvilleExecutive Director
    Mr. William B GatewoodBoard MemberNon-Profit InstitutionPresbyterian Community CenterExecutive Director
    Mr. James S GoldbergBoard TreasurerBusinessStoll Keenon Ogden PLLCAttorney/Managing Member-Louisville
    Mr. Rick K GuillaumeBoard MemberFinancial InstitutionBB&T BankRegional Chairman Emeritus
    Mr. Daniel HallBoard MemberNon-Profit InstitutionUniversity of LouisvilleVice President, External Affairs
    Mr. Rob LockeBoard MemberNon-Profit InstitutionHabitat for Humanity of Metro LouisvilleExecutive Director
    Sara MorganBoard MemberNon-Profit InstitutionFederation of Appalachian Housing Enterprises, Inc.Director, Capital Corporation
    Ms. Diane MurphyBoard MemberBusinessYour Community BankSr. Vice President
    Mr. Michael A RingswaldBoard MemberFinancial InstitutionRepublic Bank & Trust CompanySenior Vice President & General Counsel
    Ms. Becky RoehrigBoard MemberNon-Profit InstitutionRiver City HousingExecutive Director
    Dr. Jo Ann RooneyBoard ChairNon-Profit InstitutionSpalding UniversityPresident
    Mr. William L Skees, Jr.Board MemberBusinessFrost, Brown Todd, LLCAttorney
    Clay StinnettBoard MemberStock Yards BankChief Strategic Planning Officer
    Mr. Joseph P TolanBoard MemberNon-Profit InstitutionMetro United WayPresident
    Mr. Robert B ViceBoard MemberBusinessReid,Weitkamp,Schell & ViceAttorney at Law
    Mr. Billie W WadeBoard Vice ChairFinancial InstitutionCitizens Union BankPresident/CEO/Director
    Mr. Leonard A WatkinsBoard MemberResident  
    Mr. Mark F WheelerBoard MemberFinancial InstitutionUS BankRegional Chairman
    Ms. Tracy E WilliamsBoard MemberNon-Profit InstitutionNorton HealthcareSr. Vice President & System Chief Nursing Officer
    Ms. Marita A WillisBoard MemberFinancial InstitutionPNC BankCommunity Consultant & Assistant Vice President
    Mr. Richard WimsattBoard MemberBusinessBrown-FormanDirector, Corporate Services

    About the NeighborWorks ® Network
    The NeighborWorks® network is a nationwide network of more than 240 community development organizations working in nearly 4358 urban, suburban and rural communities across America. These organizations engage in revitalization strategies that strengthen communities and transform lives. In the last five years alone, NeighborWorks® organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families of modest means purchase or improve their homes or secure safe, decent rental or mutual housing.

    NeighborWorks ® America Contact Information
    District:  Great Lakes
    Name:  Karen Whedon
    Phone:  513-221-4260
    Toll-Free:  877-316-8880
    Fax:  513-221-4425
    Email:  kwhedon@nw.org