Programs

  • Community Land Trust Development

    RUSSELL A PLACE OF PROMISE (RPOP) IS INCORPORATED AS A COMMUNITY LAND TRUST. PLANS ARE BEING MADE TO UNDERTAKE NEW HOME CONSTRUCTION, INCLUDING THE CONSTRUCTION OF SINGLE FAMILY, FOR SALE AFFORDABLE HOMES TO BE PERMANENTLY STEWARDED BY RPOP. PARTNERSHIPS ARE BEING DEVELOPED TO ACCELERATE THESE INVESTMENTS AND RPOP EXPECTS TO HAVE BETWEEN 10-30 PROPERTIES IN ITS PORTFOLIO WITHIN THE NEXT 78 MONTHS. RPOP HAS BEEN DEVELOPING THE NECESSARY POLICIES AND PROCESSES TO SUPPORT THIS INVESTMENT. RPOP IS SEEKING GRANTS, DONATIONS AND CONVENTIONAL MARKET FINANCING FOR THIS ACTIVITY, AND PARTICIPATED IN THE LOUISVILLE LISC EMERGING DEVELOPERS PROGRAM TO BUILD RELATIONSHIPS WITH OTHER EMERGING DEVELOPERS AND EXPAND ITS NETWORK. THIS BODY OF WORK IS IN THE PLANNING STAGE.
    Geographies
    Not indicated
    Dates
    Jul 1, 2024 – Jun 30, 2025
    Source
    990
    No causes provided
    No populations provided
    –
    $343.4K

  • Russell Community Development Project

    CAMPUS DEVELOPMENT AT A 5-ACRE PROPERTY THAT RPOP WILL ACQUIRE FROM LOUISVILLE METRO GOVERNMENT. THIS PROJECT WILL INCLUDE OFFICE, RETAIL, RESTAURANT, RECREATION, CULTURAL SPACE, AFFORDABLE HOUSING, COMMUNITY SERVICES, AND SIMILAR AMENITIES TO SUPPORT THE RUSSELL COMMUNITY AND OTHERS. RPOP WILL CONSIDER THE FEASIBILITY OF HOLDING PORTIONS OF THIS DEVELOPMENT IN ITS COMMUNITY LAND TRUST TO PRESERVE AFFORDABLE HOUSING AND BUSINESS SPACE FOR THE NEIGHBORHOOD, BUT REGARDLESS, WILL SEEK TO SET RENTAL RATES THAT ARE AFFORDABLE TO RUSSELL RESIDENTS AND BUSINESS OWNERS. RPOP HAS RETAINED A DEVELOPMENT ADVISOR, PREPARED A DRAFT BUDGET FOR THE FIRST PHASES OF THE PROJECT, AND IS WORKING TOWARD SECURING LETTERS OF INTENT WITH TENANTS FOR THE FIRST PHASE AND EXECUTING A DEVELOPMENT AGREEMENT WITH LOUISVILLE METRO GOVERNMENT THAT WILL PROVIDE A PATHWAY TO LAND OWNERSHIP. RPOP WILL SEEK GRANTS, DONATIONS AND CONVENTIONAL MARKET FINANCING FOR THIS ACTIVITY, AND WILL BE ATTENDING THE NOVOGRADIC NEW MARKET TAX CREDIT CONFERENCE IN OCTOBER TO PRESENT THE PROJECT TO POTENTIAL INVESTORS. THIS BODY OF WORK IS IN THE PLANNING STAGE. BOARD DEVELOPMENT AND TRAINING, INCLUDING THE DEVELOPMENT OF A STRATEGIC PLAN TO GUIDE RPOP FOR THE FIRST 3 YEARS OF ITS EXISTENCE AS A NONPROFIT. BOARD MEMBERS HAVE TAKEN PART IN TRAININGS OFFERED LOCALLY AND NATIONALLY ON TOPICS RELATED TO GOVERNANCE AND RESPONSIBILITY AS A BOARD MEMBER; REAL ESTATE FINANCE AND DEVELOPMENT, FUNDRAISING, AND SUCCESSION PLANNING.
    Geographies
    Not indicated
    Dates
    Jul 1, 2024 – Jun 30, 2025
    Source
    990
    No causes provided
    No populations provided
    –
    –

  • Black Business Support Initiative

    RPOP PROVIDED A $100,000 SUBGRANT TO THE CENTER FOR ENTREPRENEURSHIP IN PROVIDING COACHING AND DIRECT TECHNICAL ASSISTANCE TO BLACK BUSINESS OWNERS AND ENTREPRENEURS.
    Geographies
    Not indicated
    Dates
    Jul 1, 2024 – Jun 30, 2025
    Source
    990
    No causes provided
    No populations provided
    –
    $100K