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4., Housing Strategies & <br />Actions <br />This section details the three strategies and 13 actions the City of Louisville should consider as it <br />works toward addressing the city's housing needs. The Plan's strategies reflect what is within the <br />City's purview and are intended to comprehensively address multifaceted housing challenges <br />through multiple angles. <br />There is no "silver bullet" among these actions. Each of them presents benefits, drawbacks, and <br />different levels of impact that need to be evaluated further. The housing market can change <br />quickly too. As such, the actions in this Plan will benefit from periodic evaluation as development <br />conditions change over time and the approach set forth in this Housing Plan will need to evolve <br />with such changes. <br />Housing Strategies <br />Based on the results of the Housing Needs Assessment, community/stakeholder involvement, <br />analysis of policy options, review of relevant plans, policies and best practice guides and <br />informed by the Plan's goals, the following three broad strategies and their associated actions <br />help provide a roadmap. <br />Strategy 1 <br />Targeted Policy and Zoning Code Amendments to Reduce Barriers for <br />Residential Development <br />➢ Strategy 2 <br />Leverage Funding Opportunities and Partnerships to Support Income - <br />Restricted Affordable Housing <br />L!mL!m ➢ Strategy 3 <br />® Comprehensive Policy and Zoning Code Amendments to Reduce Barriers for <br />Residential Development and Allow More Diverse Housing Types <br />Louisville Housing Plan Part 4: Housing Strategies and Actions 27 <br />