Ground was broken this morning on the $101 million redevelopment at the old Sheppard Square public housing project in Smoketown. The revitalization of Sheppard Square is Louisville’s third HOPE VI federal project. The program is using $22 million of federal funding to leverage additional investment and resources to replace outdated public housing with mixed-use, affordable housing units. The project leveraged an additional $41 million in other investments in the area. Construction will begin in the block bounded by Hancock, Jacob, Finzer and Jackson Streets. The revitalization plan for Sheppard Square calls for 454 homes, including a mix of single-family homes, townhouses, and apartment buildings designed to complement the architecture of the neighborhood. The HOPE VI initiative was launched in 1992 to transform distressed public housing developments into modern housing. Louisville’s other two HOPE VI developments are Park DuValle and Liberty Green.