A downtown Cincinnati development will create 44 affordable housing units for low-income and very-low-income families.
The Cincinnati City Council has approved close to $1 million in funding for an affordable housing project, reports Becca Costello for WVXU.
As Costello writes, "The Barrister project will renovate two historic buildings Downtown, creating 44 low-income housing units and 2,000-square feet of commercial space at street level." The council approved the funding as part of a new policy to allocate 25 percent of tax increment financing funds to affordable housing.
The Downtown Residents Council has expressed support for the project, which will provide housing for low-income and very-low-income households. While it will only make a small dent in Cincinnati's need for more affordable housing, said Ben Eilerman of the Over-the-Rhine Community Housing, the project "represents a substantial step forward."
FULL STORY: Council approves Downtown's first affordable housing project in decades
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UCLA Lewis Center for Regional Policy Studies
Mpact (formerly Rail~Volution)
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Great Falls Development Authority, Inc.
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