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How Cincinnati Enables Eric Avner to "Get Stuff Done"

People who choose Cincinnati as their home, says Eric Avner of the Haile Foundation, bring a new kind of enthusiasm. ....

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Cranley Pushing Council To Quickly Fund Affordable Housing Loan Pool With Stimulus

Tana Weingartner
/ WVXU
It could be months or years before money in a new Cincinnati loan fund is distributed to developers working on affordable housing. City officials are still applying for the $34 million U.S. from Housing and Urban Development that will provide the bulk of the loan pool.
The Cincinnati Development Fund, a nonprofit lending group, will administer the loans. President Joe Huber says the more affordable a development is, the longer it takes to finalize.
Even in financing market rate development, our deals can sometimes take two years to come together, Huber said. But we are going to get the money out on the street as quickly as possible. ....

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Some call affordable housing proposal an important investment. Others call it 'catastrophic' for city's budget

Some call affordable housing proposal an important investment. Others call it catastrophic for city s budget
Proposed amendment would allocate $50M annually for housing
Supporters of the amendment say it would be a major milestone in affordable housing investment, but critics say the amendment would bankrupt the city and limit emergency services.
and last updated 2021-04-27 07:06:59-04
CINCINNATI â If you take a drive around Cincinnati youâre likely to pass multiple new housing developments under construction. Some include affordable units, others donât.
And as the new units go up, the cost of living in the neighborhood can go up too. ....

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Issue 3: Cincinnati announces its own plan for affordable housing

Two weeks before Cincinnati voters say yea or nay to Issue 3, officials at city hall are rolling out their own plan for affordable housing.
But Tuesday afternoon, the city issued a news release promising to devote $35.5 million in public funding to support the development of affordable housing.
The release says there will be a corresponding fundraising campaign to attract an additional $30 million in donations from private sources, for a total goal of $65.5 million.
The bulk of the city’s portion of the money will come from a loan of up to $34 million from the U.S. Department of Housing and Urban Development. ....

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Cincinnati Plans $34 Million Loan Pool To Finance Affordable Housing

Cincinnati Plans $34 Million Loan Pool To Finance Affordable Housing
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