Wellspring Purchases Highlands Property
July 20, 2023–Read more in Business First of Louisville
Wellspring has purchased the Douglass Manor apartment complex in the Highlands. The property, at 2045 Douglas Blvd., will be renovated and converted into 24 affordable housing units for adults with disabilities who are living at 30% of the area’s median income.
“Too many people are priced out of housing,” says Wellspring CEO Kathy Dobbins, LCSW. “Wellspring is securing affordable housing which allows us to help clients connect with the resources they need to be successful.” Learn more.
This is the third property purchased by Wellspring in recent months as part of a $13 million grant package to create 50 affordable housing units in Louisville. The funding came from the 2021 American Rescue Plan Act through the Louisville Metro Government and the Louisville Affordable Housing Trust as well as The Jewish Heritage Fund for Excellence and the James Graham Brown Foundation.
On May 31st Wellspring purchased two properties that will open doors for adults with mental illness. Together, the properties in Paristown and another in the Highlands create 23 affordable housing units (apartments).
Wellspring continues to search for a fourth property that would complete a total of 50 units or more of affordable housing for low-income adults with mental illness.
Read: “Supportive Housing Saves Money and Improves Health Outcomes for Those with Mental Illness” by Katharine Dobbins and Carey Addison.
Read: “Cost-Savings Associated with Reductions in Public Service Utilization with Provision of Permanent Supported Housing in Midsized City in the United States” as published in Psychiatric Quarterly 2021. By Katharine Dobbins, Carey Addison, Autumn Roque, Peggy El-Mallakh, and Rif S. El-Mallakh.
Read “The Case for Case Management in Schizophrenia” by Wellspring’s Dr. Rif S. El-Mallakh, Katharine Dobbins, CEO, and Patrick Rhodes, Director of Programs, that was published in Case Management Matters.