affordable housing Archives - Viet Bao Louisville KY

Tran Family Properties, LLC of Di Tran Enterprise and New American Business Association Inc (501c3) is more than a real estate development company—it’s a movement dedicated to elevating lives, fostering inclusivity, and creating sustainable communities. At the heart of its mission is a commitment to affordable housing that goes beyond simply providing homes. Tran Family Properties empowers renters by addressing real financial barriers while ensuring quality living spaces that inspire dignity and hope.

What is Affordable Housing?

Affordable housing is defined by law as housing that costs no more than 30% of a household’s gross income, including utilities. This ensures that families have enough financial flexibility to cover other essential expenses like food, healthcare, and transportation. Affordable housing relies on subsidies, tax credits, and policies to bridge the gap between market rates and what low- to moderate-income households can afford.

What is AMI (Area Median Income)?

AMI, or Area Median Income, is a metric used to determine household income levels in a specific geographic area. It is calculated annually by the U.S. Department of Housing and Urban Development (HUD). Households are categorized by income relative to AMI:

Extremely Low Income: At or below 30% of AMI.
Low Income: At or below 50% of AMI.
Moderate Income: At or below 80% of AMI.

For example, in Louisville, KY, the AMI for a family of four is $67,500 (2024). Programs like Section 8 Housing Choice Vouchers use these categories to determine eligibility and subsidy levels.

Affordable Housing: Equal Homes, Financial Support

Affordable housing isn’t about offering lower-quality homes; it’s about making housing accessible through subsidies and thoughtful financial planning. The homes are the same in quality and design, but subsidies—like Section 8 vouchers—bridge the financial gap, ensuring tenants can thrive without being overburdened by housing costs.

Tran Family Properties integrates affordability into its housing approach by aligning with AMI levels to ensure accessibility for families at various income brackets.

Understanding Rent Structure and Subsidies

AMI Level	Annual Income Limit (Family of 4)	Monthly Rent (including utilities)	Tenant Pays (with Section 8)	Section 8 Pays (estimated 70%)
30% AMI	$20,250	$506.25	$152	$354
50% AMI	$33,750	$843.75	$253	$590
80% AMI	$54,000	$1,350	$405	$945

This structure ensures that tenants pay an affordable portion of their income toward rent while federal subsidies, like Section 8 vouchers, cover the remainder. Section 8 vouchers make a critical difference for families by addressing affordability without compromising quality.

Elevating Tenants Beyond Housing

Tran Family Properties doesn’t stop at providing affordable housing. Its mission extends to empowering tenants with resources and support services that help them thrive, including:

Financial Literacy Programs: Helping tenants manage their budgets and build credit.
Job Training and Placement: Partnering with workforce development organizations to provide career support.
Community Engagement Initiatives: Creating a sense of pride and belonging among residents.

Tran Family Properties believes in fostering not just stability but also opportunity for everyone it serves.

The Importance of Collaboration

Tran Family Properties is dedicated to working with government agencies, nonprofits, and community leaders to address the growing need for affordable housing. This collaborative approach ensures that projects are tailored to meet real community needs while promoting long-term economic and social stability.

Affordable housing is about more than just a roof over one’s head—it’s about creating opportunities, stability, and hope for a better future. Tran Family Properties embodies this ethos, transforming lives and proving that when we elevate others, we all rise together.

How to Apply for Section 8 Assistance

If you or someone you know falls within the income categories listed above (30%, 50%, or 80% AMI), you may qualify for Section 8 Housing Choice Vouchers. These vouchers provide vital support to help make housing more affordable, covering up to 70% of the rent in most cases.

Why Apply?

Section 8 vouchers allow families, seniors, and individuals to live in safe, high-quality homes while paying an affordable portion of their income toward rent. With the support of these subsidies, you can secure housing stability and focus on building a brighter future for yourself and your family.

How to Apply

To apply for Section 8 in Louisville, KY, follow these steps:

Visit the Louisville Metro Housing Authority (LMHA) website to check eligibility and availability.
Submit an application online or in person when the waiting list is open.
Provide all required documentation, such as proof of income, family size, and identification.

Apply Here: Louisville Metro Housing Authority – Section 8 Program Application

Note: The Section 8 waiting list in Louisville may be long due to high demand, so apply as soon as possible if you qualify. If you need assistance with the application process or determining eligibility, Tran Family Properties and its partners are here to help.

Together, let’s make affordable housing accessible to everyone who needs it. Don’t wait—take the first step toward secure, quality housing today!

Di Tran Enterprise: A One-Stop Shop for IT, Workforce Development, Business Development, Investment, and Real Estate Needs

In a world often marked by division, there are individuals who rise above, driven by empathy and resilience to make a difference. Di Tran and Whitney Austin are two of these individuals—though their paths have not formally crossed in collaboration, they share a profound understanding of the weight that comes with caring for those affected by hardship.

Whitney Austin’s journey is both inspiring and sobering. After surviving twelve gunshots in a mass shooting, Whitney could have chosen to quietly heal. Instead, she took on the monumental task of advocating for responsible gun ownership and safety through her nonprofit, WhitneyStrong. Her work to reduce gun violence comes with an emotional weight, as she stands alongside victims and families whose lives have been forever changed. Every day, she carries the voices and stories of those affected by gun violence, a responsibility that can be heavy yet fuels her mission.

Di Tran, a Vietnamese immigrant and serial business owner in Louisville, felt a connection to Whitney’s story the moment he heard it. Although they are not yet collaborators, he respects her deeply. His journey began in a mud hut in rural Vietnam, and despite humble beginnings, he has worked to build multiple businesses, including ventures in affordable housing, that provide essential services and job opportunities. Di empathizes not only with those affected by gun violence but also with the homeless and underserved, individuals whose hardships echo the poverty he once knew.

When Di met Whitney at a Rotary Club event in Louisville, he took the opportunity to thank her personally. He recognized the toll her work must take, not just as an advocate but as a survivor carrying the collective pain of those impacted by gun violence. Di’s own experiences with armed threats in his businesses have shown him the pervasive fear and loss that accompanies such incidents. Like Whitney, he understands that empathy for others can sometimes be a heavy burden, yet it’s one that both feel compelled to bear.

In their own ways, Di and Whitney each strive to lift up their communities—Whitney through her advocacy for safer neighborhoods, and Di through his mission to create affordable housing and employment opportunities. Both understand that change doesn’t come without sacrifice and that the responsibility of standing alongside the vulnerable can be weighty. Yet, they also share the belief that such empathy-driven work is essential for creating a better world.

Their meeting serves as a reminder of the strength found in shared empathy and the potential for leaders to inspire one another. Though they have yet to work together, Di Tran’s admiration for Whitney Austin is a testament to the power of resilience, empathy, and purpose. Together, they embody the Rotary Club’s spirit of service, reminding us all that true change begins when we dare to carry the weight of others’ struggles—and refuse to put it down.