3736 Lentz Avenue

The Louisville Jefferson County Landbank Authority, Inc. has issued a Community Impact Solicitation (RFA270060) for the acquisition and redevelopment of a 1.5-story wood-frame residential property located at 3736 Lentz Avenue, Louisville, KY. The primary objective of this competitive process is to rehabilitate the structure to support affordable homeownership outcomes. The property has an asking price of 35,000 dollars, with estimated rehabilitation costs totaling 85,750 dollars. Proposals are being accepted from October 8, 2026, through October 15, 2026, at 3:00 pm EST. Qualified applicants must apply as either an owner-occupant or an investor/developer. Investors and developers are required to demonstrate at least three years of active real estate development experience and provide proof of three completed full rehabilitation projects. Owner-occupants must commit to using the property as their primary residence under a five-year deed restriction and ensure mortgage payments do not exceed 30 percent of their household income. Investors must similarly ensure the final sale is to an income-qualified owner-occupant with a binding five-year occupancy covenant. Award decisions are based on a 100-point scale evaluating development quality, affordable efficiency, capacity and feasibility, experience, and community impact. A key scoring component is the affordable efficiency, which favors a target resale price between 180,000 and 260,000 dollars and a specific community return efficiency ratio. Required submission materials include a comprehensive development plan, itemized budget, architectural floor plans, proof of funds, and a detailed project timeline. Additionally, proposals should highlight energy-efficiency upgrades, ADA-compliant features, and the utilization of diverse businesses and community partners.