LHOME’s History

LHOME stands for The Louisville Housing Opportunities and Micro-Enterprise Community Development Loan Fund, Inc.


LHOME was formed by two nonprofit organizations that saw how under-invested Louisville was (and still is) in CDFI’s – Community Development Financial Institutions.  Judy Tiell, Executive Director of Jewish Family and Career Services and Cathy Hinko, Executive Director of the Metropolitan Housing Coalition formed LHOME in late 2011.  They were also given guidance by Faith Weekly at the St. Louis Federal Reserve Bank, Louisville Branch.  Early support from the James Graham Brown Foundation was critical for infrastructure building. 

LHOME was incorporated as a 501c3 and JFCS provided critical loan funds to start micro-lending operations.  After a few years, the founding agencies realized that LHOME could benefit from a restructure of the Governing Board to bring in leadership with significant affordable housing experience.  In January, 2017, the Governing Board was reconstituted to include Executive Leadership of the Housing Partnership, Inc. (HPI) and New Directions Housing Corporation.  Adam Hall retained a seat on the new Governing Board as a member of the Metropolitan Housing Coalitions’ Board.  This new Board hired Amy Shir, as LHOME’s Executive Director, in June 2017. 

JFCS not only jumpstarted LHOME with loan funds, they also applied for and were awarded a $125,000 Technical Assistance grant from the CDFI Fund at the U.S. Treasury to build the capacity of LHOME, establish a track record of lending in the community, and to get certified by the CDFI Fund by December, 2018.  This grant was critical in affording LHOME resources to make more loans in its Investment Area of low-income census tracts in Louisville.  LHOME applied for CDFI Certification in March, 2018 and was awarded it on June 7, 2018. 

As of November 28, 2018, LHOME has made 25 loans, at over $150,000 to low-income small business owners and homeowners in Louisville, KY.  LHOME is committed to providing accessible, affordable loan products and financial coaching services to its clients, most of whom are African American and African Refugees, living and/or working in low-income census tracts. 

LHOME receives grant and loan funds from a variety of sources – financial institutions, local foundations, and individuals.  We have a variety of volunteer committees, including a community advisory committee that proposes new products and services and a loan review committee, comprising individuals with lending expertise.  Join us today and promote small business and home-ownership for ALL Louisvillians, regardless of their race, socio-economic status, or geography.