Remote and hybrid employment has caused regional and commute considerations to become obsolete for some, creating an increased interest in neighborhoods that may have been overlooked.
When almost 200 single-family homes came on the market this year, Cincinnati’s Port Authority made a bold move: It outbid 12 large real estate investors and became a landlord.
The $14.5 million payment secured affordable housing for many residents.
The Cincinnati development firm hopes to break ground in spring 2022.
About 66% of low-income Kentuckians spend more than half of their income on housing. The problem is even worse in Northern Kentucky because of higher rents and a lack of affordable housing.
Trintas Ventures and Crawford Hoying received approval from the Cincinnati Council for the two-phase project.
It’s an incentive to double the impact of apartment owners’ energy efficiency upgrades and will match the owners’ investment in upgrades up to $5,000.
A proposed charter amendment will allocate funds to support the city’s most vulnerable population.
Gardner Capital has completed community, which has 11 one-bedroom apartments, 39 two-bedroom apartments, and a host of amenities.
Instead of staying in communal shelters, people in need were moved to hotels until the “shelter in place” order was lifted.
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