Southwest Ohio gets more affordable housing
Construction just began this week on 52 units of affordable housing in Northside and just wrapped up on48 units in OTR and 56 units in Hillsboro.
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Construction just began this week on 52 units of affordable housing in Northside and just wrapped up on48 units in OTR and 56 units in Hillsboro.
Builders in Ohio warn that, without intervention from Congress, tax credits meant to support affordable housing construction won’t keep up with rising costs and demand.
Federal low income housing tax credits fund most subsidized housing. But they haven't increased at the same rate building costs and interest rates have — meaning fewer affordable units coming online.
The city of Cincinnati has a program that aims to fill a small part of the affordable housing gap. But how does it work?