Louisville Metro will pay $6 million to settle a lawsuit from affordable housing developer LDG.
The developer sued in 2017 after Metro Council rejected its proposal to create a 198-unit, four-story affordable apartment complex for seniors in Prospect. The development, dubbed Prospect Cove, also received fierce opposition from the City of Prospect and its residents. LDG argued that Metro Council’s vote to kill the project violated the federal Fair Housing Act, which the city has denied.
A copy of the settlement provided to LPM News shows the city signed the agreement on Aug. 1. In addition to the $6 million payment, city officials also agreed to pass legislation that will make it easier for affordable housing developers to get through the approval process.
It was those non-monetary terms