MOLO Village CDC*

Louisville, KY

Founded in 2011, MOLO Village CDC is a nonprofit grassroots organization committed to serving west Louisville’s historic Russell neighborhood residents. The Russell Community sits just west of downtown Louisville, KY, and is primarily an African American community with inordinately high rates of poverty, unemployment, and incarceration. The community has very low rates of home ownership, and has an area median income of only $9,190, about 14% of the Louisville AMI. MOLO focuses on individuals and families impacted by decades of disinvestment and policies that have led to high rates of incarceration, recidivism, and poor economic and health outcomes, with specific attention to low-income persons who are isolated and left behind.

The Village @ West Jefferson converted a strategic vacant site in Russell into a new 2-story, 33,326-square-foot building that houses MOLO’s headquarters, other service providers, a restaurant, a cafe, and a business incubator.

The Village @ West Jefferson houses tenants that provide invaluable community goods and services to the Russell community, including MOLO, the Louisville Independent Business Alliance, which provides small business technical assistance, networking, and marketing/advertising support, Nortons Health Care Institute, Park Community Credit Union, the Ohio Valley Education Cooperative, the Choice Neighborhood Office of the Louisville Housing Authority, Sponsor 4 Success and two food service tenants.

This institution is an equal opportunity provider.

Quick Facts 

Square Footage: 33,326SF

Total Project Cost: $7,722,392

Developer/Owner/Leverage Lender: MOLO Village CDC.

Allocatees: MBS Urban Initiatives CDE

NMTC Equity Investor: US Bank CDC

Architect: Koetter Group

Construction Jobs: 32

Permanent Jobs: 47 FTEs

Community Partners: MOLO Village CDC, City of Louisville, Church Building and Loan Fund, AIM Development Group, Urban Strategies, MBS and Steadfast City.