Louisville Metro KY - Five (5) Years of Disposition Data for the Louisville and Jefferson County Landbank Authority, Inc.

<span style='font-size:16px;'><font face='Avenir Next W01, Avenir Next W00, Avenir Next, Avenir, Helvetica Neue, sans-serif'>The Office of Housing &amp; Community Development </font></span><span style='font-family:Lato; font-size:16px; color:rgb(77, 77, 77);'>Focuses on the full range of land development activities, including vacant property initiatives, housing &amp; community development programs.</span><div style='font-family:&quot;Avenir Next W01&quot;, &quot;Avenir Next W00&quot;, &quot;Avenir Next&quot;, Avenir, &quot;Helvetica Neue&quot;, sans-serif; font-size:16px;'><span style='font-family:Lato; color:rgb(77, 77, 77);'>Data Dictionary:</span><span style='font-family:inherit;'><br /></span></div><div style='font-family:&quot;Avenir Next W01&quot;, &quot;Avenir Next W00&quot;, &quot;Avenir Next&quot;, Avenir, &quot;Helvetica Neue&quot;, sans-serif; font-size:16px;'><p style='margin-top:0px; margin-bottom:1.25em; box-sizing:border-box; color:rgb(77, 77, 77); font-family:Lato;'><span style='font-family:inherit;'>“<strong>LBA</strong>” is the abbreviation for the Louisville and Jefferson County LBA Authority, Inc.<br />&quot;<strong>Parcel ID</strong>&quot; is an identification code assigned to a piece of real estate by the Jefferson County Property Valuation Administration. The Parcel ID is used for record keeping and tax purposes.<br />“<strong>IMPROV</strong>” stands for whether or not the real estate parcel had an “improvement” (i.e., a structure) situated on it at the time it was sold. “<strong>1</strong>” indicates that a structure existed when the parcel was sold and “<strong>0</strong>” indicates that the parcel was an empty, piece of land.<br />“<strong>APPLICANT</strong>” is the individual(s) or active business entity that submitted an Application to Purchase the real estate parcel and whose application was presented to and approved by the LBA’s Board of Directors. The Board of Directors must approve each application before a transfer deed is officially recorded with the Office of the County Clerk of Jefferson County, Kentucky.<br />“<strong>SALE DATE</strong>” is the date that the Applicant signed the transfer deed for the respective real estate parcel.<br />“<strong>SALE AMOUNT</strong>” is the amount that the Applicant paid to purchase the respective real estate parcel.<br />“<strong>SALE PROGRAM</strong>” is the LBA’s disposition program that the Applicant participated in to acquire the real estate parcel.</span></p><p style='margin-top:0px; margin-bottom:1.25em; box-sizing:border-box; color:rgb(77, 77, 77); font-family:Lato;'><span style='font-family:inherit;'>The Office of Community Development defines each “Sale Program” as follows:</span></p><ul><li><span style='font-family:inherit;'><strong>Budget Rate (“<em>Budget Rate Policy for New Construction Projects</em>”)</strong> – Applicant submitted a proposed construction project for the empty, piece of land.</span></li><li><span style='font-family:inherit;'><strong>Cut It Keep It</strong> - Applicant requested to maintain the empty piece of land situated on the same block as a real estate parcel owned by the Applicant. Applicant must retain ownership of the lot for three (3) years before the Applicant can sell it.</span></li><li><span style='font-family:inherit;'><strong>Demo for Deed (<em>“Last Look – Demo for Deed”</em>)</strong> – Applicant requested to demolish the structure situated on the real estate parcel and retain the land for a future use.</span></li><li><span style='font-family:inherit;'><strong>Flex Rate (“<em>Flex Rate Policy for New Construction Projects</em>”)</strong> – Applicant submitted a proposed construction project for the empty, piece of land but did not have proof of funding or a timeline as to when the project would be completed.</span></li><li><span style='font-family:inherit;'><strong>Metro Redevelopment</strong> – The real estate parcel was part of a redevelopment project being considered by Metro Government.</span></li><li><span style='font-family:inherit;'><strong>Minimum Pricing Policy</strong> – The pricing policy that was approved by the LBA’s Board of Directors and in effect as of the real estate parcel’s sale date.</span></li><li><span style='font-family:inherit;'><strong>RFP (<em>“Request for Proposals”</em>)</strong> - Applicant requested to rehabilitate the structure in order to place it back into productive use within the neighborhood.</span></li><li><span style='font-family:inherit;'><strong>Save the Structure (<em>“Last Look – Save the Structure”</em>)</strong> - Applicant requested to rehabilitate the structure in order to place it back into productive use within the neighborhood.</span></li><li><span style='font-family:inherit;'><strong>Side Yard</strong> – The Applicant requested to acquire the LBA’s adjoining piece of land to make the Applicant’s occupied, real estate parcel larger and more valuable.</span></li><li><span style='font-family:inherit;'><strong>SOI (<em>“Solicitation of Interest”</em>)</strong> – The LBA assembled two (2) or more real estate parcels and the Applicant submitted a redevelopment project for the subject parcels.</span></li></ul><p style='margin-top:0px; margin-bottom:1.25em; box-sizing:border-box; color:rgb(77, 77, 77); font-family:Lato;'><span style='font-family:inherit;'>For more information about each of the current disposition programs that the LBA offers, please refer to the following website pages:</span></p><p style='margin-top:0px; margin-bottom:1.25em; box-sizing:border-box; color:rgb(77, 77, 77); font-family:Lato;'><span style='font-family:inherit;'><a href='https://louisvilleky.gov/government/community-development/vacant-lot-sales-programs' style='color:rgb(28, 40, 89); text-decoration-line:none; font-family:inherit; box-sizing:border-box;' rel='nofollow ugc'>https://louisvilleky.gov/government/community-development/vacant-lot-sales-programs</a><br /><a href='https://louisvilleky.gov/government/community-development/vacant-structures-sale' style='color:rgb(28, 40, 89); text-decoration-line:none; font-family:inherit; box-sizing:border-box;' rel='nofollow ugc'>https://louisvilleky.gov/government/community-development/vacant-structures-sale</a></span></p><p style='margin-top:0px; margin-bottom:1.25em; box-sizing:border-box; font-family:Lato;'><font color='#000080' style='font-family:inherit;'>Contact:</font></p><p style='margin-top:0px; margin-bottom:1.25em; box-sizing:border-box; font-family:Lato;'><font color='#000080' style='font-family:inherit;'>Connie Sutton</font></p><p style='margin-top:0px; margin-bottom:1.25em; box-sizing:border-box; font-family:Lato;'><a href='mailto:connie.sutton@louisvilleky.gov' style='color:rgb(0, 121, 193); text-decoration-line:none; font-family:inherit; box-sizing:border-box; background-color:rgb(255, 254, 238);' rel='nofollow ugc'><font color='#000080' style='font-family:inherit;'>connie.sutton@louisvilleky.gov</font></a></p></div>

Tags: abandoned-properties, develop-louisville, economic, jefferson-county, kentucky, louisville, louisville-metro, louisville-metro-ky, ocd, vacant-property
Organization: Louisville Metro Government