Cincinnati Mayor Mark Mallory and City Manager Milton Dohoney Jr have announced a schedule of events to commemorate National Homeownership Month.
The city will celebrate several residential projects throughout the city, including:
- The dedication of Parker Flats, 57 new condominiums Downtown
- A ribbon cutting for the Homes at Hillside Place, 5 new single-family homes in Lower Price Hill
- The groundbreaking for Park Avenue Townhomes in Walnut Hills
- Rehab-a-Rama, a tour of renovated homes in Carthage
- The groundbreaking for a new LEED-certified home in College Hill
- 4253 Fergus Street in Northside, one of seven homes to be completed as part of the Homeownership Preservation Initiative
On June 21-22, the city will partner on the Ultimate Urban Tour of Living, a self-guided tour of completed and on-going projects in the urban core.
Last week, the city was the first in the country to partner with Fannie Mae and Neighborworks America to participate in a foreclosure prevention phone-a-thon, which signed up over 1,000 regional callers to receive counseling on how to keep their homes. The goal of all of these events is to highlight why Cincinnati is such a great place to buy a home. Despite turbulent national real estate trends, the city's housing market has remained stable.
Homeownership rates increased 3 percent between 2000 and 2006, and the average price of a single-family home actually increased between 2006 and 2007.
"The City of Cincinnati is serious about fighting against the national trend and developing a strong housing market here in Cincinnati," says Mallory. "We are addressing the issue on multiple levels with education for new home buyers and also funding to support new housing units."
Writer: Kevin LeMaster
Source: Media release
Photography of Parker Flats by Scott Beseler
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