LCDB achieves its mission by:
- Supporting small business development and expansion
- Making home renters into homeowners
- Improving the quality and value of real estate
- Increasing the number and quality of goods and services available
- Creating jobs and linking neighborhood residents to employment
LCDB accomplishes economic growth by making targeted loans. Both residential and business loans are available for homes or businesses located within the targeted neighborhoods. Outside businesses also may qualify for loans, provided they are committed to hiring residents from, or providing new services to the inner city.
Loans are funded by CD purchases. These CDs, owned by individuals, corporations, and institutions such as Calvert Foundation, provide the lending capital for LCDB's programs and services.
Rather than take a welfare-like approach to reversing poverty, Louisville Community Development Bank is giving residents the opportunity for meaningful, living-wage employment and homeownership in a safe, clean neighborhood. LCDB accomplishes this by making fair credit loans to businesses that will either relocate to or expand their services within these neighborhoods. This creates new job opportunities for area residents. Loans are also made to homeowners wishing to repair or remodel, and to individuals that will rehabilitate abandoned or dilapidated properties for commercial use.