Strengthening Cincinnati Communities Together is a blog which provides updates on real estate development and neighborhood transformation initiatives by The Community Builders and its partners. TCB has been in Cincinnati since 1998 when construction of City West, a master planned mixed-income community in the West End, began. TCB continues to own and manage City West.
As one of the largest and most accomplished mission-driven, non-profit housing developers in the United States, TCB works to build strong communities where people of all incomes can achieve their full potential.
Cincinnati’s Avondale community is undergoing urban revitalization, marked by the $50M redevelopment of historic apartment buildings along its main commercial corridor. In this interview, glaserworks Principal Jeff Raser and Jeff Beam of The Community Builders (TCB) discuss how they worked together to overcome challenges and deliver a successful project. Read more.
“You need a team that is committed to the quality of the outcome. We literally took five buildings in Avondale that were on the verge of demolition – and made them National Historic Landmarks – that takes a pretty remarkable team!” – Jeff Beam, TCB
The first of the $11.5 million Cincinnati Children’s Hospital Medical Center will invest in Avondale over the next five years has started to flow and is expected to touch the lives of 1,500 neighborhood children.
The initial $351,000 goes to 17 local organizations already serving Avondale, including the Every Child Succeeds home visitation program for at-risk mothers and Gabriel’s Place, a food ministry providing fresh produce to residents and youth culinary training. Read more.
Families returning to their newly renovated homes in architecturally-historic Crescent Court Apartments at 3719 Reading Road in Avondale on August 11 were welcomed by Mayor John Cranley, community members, the contractors, and Housing and Urban Development officials in a celebration of the of the Avondale Choice Neighborhoods development project.
The project, under development by The Community Builders through a $29.5 million HUD Choice Neighborhood Grant, includes four major, federally subsidized, low-income apartment projects in the Reading Road corridor through Avondale: Crescent Court Apartments at 3719 Reading Road; The Pointes of Avondale at 3415 Reading Road; The Commodore at 3637 Reading Road; and The Poinciana at 3522 Reading Road. Read more.
On a hot, steamy August evening, Carolyn Gill showed a visitor around her new apartment at Crescent Court.
The 37-unit Crescent is one the original apartment buildings in Avondale saved by the federal Choice Neighborhoods grant.
Residents started to move back to Crescent Court in late July, a process that will continue there and down Reading Road at the Poinciana apartment building through the end of this month. Read more
Revitalization work on the Poinciana and Crescent Court Apartments is wrapping up. A number of families started to move back in to their apartment homes in mid-July. The goal is to have all families back into their apartments by the end of August.
At its June 15, 2016, meeting, the Ohio Housing Finance Agency (OHFA) Board announced the recipients of the 2016 Housing Tax Credit (HTC) program awards, used to fund the construction, acquisition and rehabilitation of affordable housing communities in Ohio. More than $30 million in federal housing tax credits was awarded to 40 developments that will serve families, seniors and individuals with disabilities in rural, suburban and urban areas. Selected developers claim tax credits over a ten year period to help offset the costs associated with construction or rehabilitation of a development. Read more.
A new grocery store in Avondale could be in the works, now that more than $88 million in federal tax credits have been awarded to two Cincinnati economic development agencies.
The Cincinnati Development Fund was awarded $43.35 million and the Cincinnati New Markets Fund was awarded $45 million through the U.S. Treasury Department’s Community Financial Development Institution’s New Market Tax Credit program. Read more.