What REBOUND does

REBOUND, Inc. (Rebuilding Our Urban Neighborhood Dwellings) is a nonprofit Community Housing Development Organization (CHDO) founded in 1993 and headquartered at 1628 W. Market Street in Louisville, Kentucky. The organization acquires abandoned and vacant properties in West Louisville neighborhoods, rehabilitates or constructs new homes, and sells or rents affordable units to low- and moderate-income households at or below 80% AMI. REBOUND was created as a cooperative effort among the Louisville Urban League, the City of Louisville, and Main Street Realty, and remains operationally affiliated with the Louisville Urban League, which supplies HUD-certified homeownership education and financial counseling referrals.

The company's core offerings span the full affordable homeownership lifecycle: affordable for-sale homes (e.g., 300 DR W J Hodge Street Condos priced at $165,000 for 2BR/2BA units), affordable rental apartments including temporary housing for buyers awaiting new construction, Down Payment Assistance (DPA) of up to $35,000 per qualified buyer through stacked partner programs ($25,000 from Louisville Metro Government and $10,000 from People's Bank), and HUD-certified homeownership education delivered through the Louisville Urban League partnership. Revenue mechanics combine one-time property sales, recurring rental income, donated properties and cash from individuals, and government funding through HOME, CDBG, LIHTC, and ARP programs channeled via Louisville Metro and HUD-aligned programs.

REBOUND's go-to-market is community-led: prospective buyers are reached through Louisville Urban League referrals from its HUD-approved homebuyer courses, partnerships with the Louisville Urban League Center for Housing & Financial Empowerment, and direct outreach in West Louisville neighborhoods. The organization reports cumulative deployment of $7.2M in affordable housing investment, development and management of 100+ properties, and continuous operation for over 30 years. Recent expansion includes the opening of The Richmond complex (August 2025) and Hansbrough Place Apartments (February 2026), a 1.5-acre land acquisition (January 2025), and the 40-home Forest Creek Subdivision (with 32 of 40 units reserved for 80% AMI families) scheduled for 2026 delivery.

Name

REBOUND

Legal name

REBOUND, Inc.

Website

https://reboundinc.org

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

REBOUND, Inc. is a Louisville-based nonprofit Community Housing Development Organization that acquires, rehabilitates, and develops affordable homes for low- and moderate-income households in West Louisville, pairing for-sale and rental properties with down payment assistance and HUD-certified homeownership education.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

SIC

Services-Social Services (8300)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industry

Down Payment Assistance (DPA) Credit Enhancement & Subsidy Programs (FSALAJAI)

Keywords

• Affordable housing development
• Community housing organization
• Homeownership education programs
• Down payment assistance
• Neighborhood revitalization

Headquarters

HQ city

Louisville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Others

Revenue model

1. Property Sales: REBOUND acquires abandoned and vacant properties, rehabilitates them, and sells affordable homes to low and moderate-income households. Revenue is generated from property sales to qualified buyers.
2. Rental Income: REBOUND operates residential affordable apartment homes for lease, providing temporary housing for homebuyers waiting for new construction and generating rental income.
3. Donations and Property Donations: REBOUND accepts donations of properties and funds from individuals, providing tax benefits to donors while expanding the organization's housing inventory.
4. Government Partnerships and Grants: As a CHDO, REBOUND partners with local government (Louisville Metro) and receives funding through programs like HOME, CDBG, and other housing finance tools to develop affordable housing.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

REBOUND, Inc. is a nonprofit Community Housing Development Organization (CHDO) that acquires abandoned and vacant properties in West Louisville, rehabilitates or newly constructs them, and sells or rents the resulting homes to low- and moderate-income households at below-market prices tied to HUD AMI thresholds. The organization bundles each property transaction with HUD-certified homebuyer education, one-on-one homeownership counseling, financial coaching, and down payment assistance grants of up to $35,000 per qualified buyer sourced from Louisville Metro Government and People's Bank.

Product overview

REBOUND is a nonprofit Community Housing Development Organization (CHDO) offering a comprehensive affordable housing ecosystem. The core offerings include affordable homes for sale and rent, down payment assistance programs, and homeownership education through partner Louisville Urban League. Products include: Affordable Housing For Sale (single/multi-family homes with DPA), Affordable Housing For Rent (temporary and permanent apartments), Down Payment Assistance, Homeownership Education/Counseling, Financial Coaching, and Temporary Housing. Current property listings include Forest Creek Subdivision (40 new-construction homes, 2026 delivery) and 300 DR W J Hodge Street Condos (condos for sale at $165,000). The organization was founded in 1993 and focuses on West Louisville neighborhoods.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Homes For Sale Single-family and multi-family homes rehabilitated or newly built in West Louisville and sold at below-market, HUD 80% AMI–restricted prices to qualified low- and moderate-income households.
• Affordable Apartments For Rent Residential affordable apartment homes for lease in West Louisville, providing affordable rental housing for low-income households and temporary housing for homebuyers waiting for new-construction homes.
• Down Payment Assistance Program Financial assistance program for first-time homebuyers to cover down payments and closing costs when purchasing a REBOUND home, combining funds from Louisville Metro Government (up to $25,000) and People's Bank ($10,000) for up to $35,000 per qualified buyer.
• Homeownership Education (HUD-Certified Courses) HUD-certified homebuyer education courses covering the home buying and financing process, delivered through the Louisville Urban League's Center for Housing & Financial Empowerment.
• Homeownership Counseling and Financial Coaching One-on-one counseling with personalized work plans covering credit, budget, debt, taxes, and investing to help prospective homebuyers address barriers to qualifying for and sustaining homeownership.
• Forest Creek Subdivision A new-construction community of 40 single-family homes in Louisville, KY (40218), with 32 homes reserved for income-qualified (80% AMI) families. Buyers gain access to REBOUND's down payment assistance and homebuyer education.
• 300 DR W J Hodge Street Condos Income-restricted condominium units (2 bed / 2 bath / 1,132 sq ft) in Louisville's Russell neighborhood sold at $165,000, with up to $35,000 in stackable down payment assistance for buyers at or below 80% AMI.

Quantifiable outcome

• $7.2M invested in affordable housing initiatives
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Louisville Urban LeaguecoreStrategic or Co-development Partner · 1 January 1993REBOUND was created in partnership with Louisville Urban League in 1993. The partnership provides HUD-certified homeownership education courses, financial coaching, and one-on-one counseling services. Louisville Urban League refers potential homebuyers to REBOUND and provides the educational foundation for the homeownership program.
• City of LouisvillecoreStrategic or Co-development Partner · 1 January 1993The City of Louisville partnered with Louisville Urban League and Main Street Realty to create REBOUND in 1993. The initial goal was to build and sell 90 quality homes in the historic Russell neighborhood. The city continues to partner with REBOUND on affordable housing development.
• Louisville Metro Housing AuthoritycoreStrategic or Co-development PartnerCamille Robinson, Deputy Executive Director of Leased Housing at Louisville Metro Housing Authority, serves on REBOUND's Board of Directors.
• HUD (U.S. Department of Housing and Urban Development)coreStrategic or Co-development PartnerHUD defines first-time homebuyer requirements and approves the homeownership education courses offered through the Louisville Urban League partnership. REBOUND operates under HUD guidelines for CHDO certification.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Others

• Grounded Solutions Network: National membership network that supports community land trusts and shared-equity homeownership programs. REBOUND's income-restricted resale model and CHDO status align with Grounded Solutions' mission; this is an ecosystem peer (enabler/aggregator) rather than a direct competitor.

Broad incumbents

• Local Initiatives Support Corporation (LISC): National CDFI that finances and supports local affordable housing and community development nonprofits. LISC operates the broader ecosystem that REBOUND works within — funding CHDOs, providing technical assistance, and intermediating capital flows from banks and government. Direct functional peer in mission and beneficiary base.
• Enterprise Community Partners: Major national nonprofit developer and investor in affordable housing, using LIHTC, government partnerships, and philanthropic capital. Operates at much larger scale than REBOUND but pursues the same mission: affordable rental and for-sale housing for low-income households in disinvested communities.

Direct peers

• Neighborhood Assistance Corporation of America (NACA): Nonprofit that counsels and finances low-to-moderate-income homebuyers, providing down payment assistance and below-market mortgages. Operates a near-identical stack to REBOUND (homebuyer education + DPA + counseling) and serves the same buyer segment, though at national scale.
• National Housing Trust: Nonprofit affordable housing developer and policy advocate focused on preserving and producing rental housing for low-income households. Operates the same CHDO-equivalent model of acquiring, rehabilitating, and operating affordable units with government subsidy — directly comparable to REBOUND's rental stream.
• Mercy Housing: Nonprofit affordable housing developer and operator producing rental and homeownership opportunities for low-income families, with integrated resident services. Operates a CHDO-equivalent model with mixed-income, mixed-tenure projects in urban neighborhoods — closely comparable to REBOUND's West Louisville focus.
• Habitat for Humanity International: National nonprofit that builds and rehabs affordable homes for low-income households, paired with homebuyer education and down payment assistance. REBOUND operates a near-identical CHDO-style model at the city scale that Habitat operates globally — same buyer segment (low-to-moderate income), same sweat-equity/education-to-ownership motion, same nonprofit funding stack.

Emerging players

• The Resurrection Project: Nonprofit affordable housing developer and community wealth-building organization serving Latino and immigrant families in Chicago and other Midwestern cities. Comparable as a place-based CHDO-style organization combining affordable homeownership with community development, homeownership counseling, and advocacy.

Regional players

• Louisville Metro Housing Authority: Public housing authority administering Section 8, public housing, and affordable housing programs in Louisville. REBOUND's deputy executive director of leased housing sits on its board — indicating deep operational linkage. Comparable as a regional affordable housing provider serving the same low-income Louisville households.
• Kentucky Habitat for Humanity (statewide affiliates): Statewide network of Habitat for Humanity affiliates, including Louisville-area affiliates, building and rehabilitating affordable homes in Kentucky. Direct mission overlap with REBOUND at the local level — both build affordable ownership housing with homebuyer education and sweat equity in the same geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/reboundinclou

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about REBOUND