Our Projects

Opportunity East

  • Completed

  • Opportunity East is replacement housing for former residents of Beecher Terrace, a public housing project that was demolished by Louisville Metro Housing Authority. Beargrass Development identified areas of opportunity and purchased 16 units in the East End of Louisville, an area that would not typically be a housing choice for LMHA residents. Opportunity East was awarded Project Based Vouchers through a competitive RFP process with LMHA and received additional funding form the Louisville Affordable Housing Trust Fund. Total developments costs for this project were $1.78MM.

Oakdale Apartments

  • Complete

  • Oakdale Apartments is an apartment community with 144 residential units in an affluent suburb with a large employment base in Lexington, Kentucky. The innovative and well-designed project provides quality living options to many of Lexington’s residents. It has brought much needed affordable rental housing to an area that had almost none for families.

Monarch Station

  • Under Construction

  • Monarch Station is a stopping place for those seeking a safe place to thrive. People are having a harder time finding a home in recent years. Inflation, short housing supply, income disparity, lack of healthcare, changing economies, changing environments, and a general lack of caring and sharing, all play a role in the loss of habitat and the endangering of life for too many people struggling to find a permanent place to call home.

    Monarch Station is a prototype development in Louisville, Kentucky that will serve as a model for permanent supportive housing in the Commonwealth and this region. It addresses both the homeless and affordability issues distressing our communities by creating an integrated housing development that provide 20 units of supportive housing for the lowest income households and offers services that will help those households with stability, autonomy, and dignity so that they stay in their homes. This type of integrated model has never been done in the Commonwealth with LIHTCs.