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National Church Residences Downtown Senior Housing Project

Sector: Commercial • Location: Cincinnati, Ohio, United States

Source: The Business Journals

Project
Planned

A proposed $20.7 million mid-rise residential building in downtown Cincinnati by National Church Residences. The seven-story, 46,121-square-foot building would bring 58 units of affordable senior housing to 114 W. Third St. The project sought 9% federal low-income housing tax credits but failed to secure funding from the Ohio Housing Finance Agency, leaving the project in limbo. The city of Cincin

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The project “National Church Residences Downtown Senior Housing Project” is an infrastructure initiative in the Commercial sector, located in Cincinnati, Ohio, United States. Taiyo aggregates data on it from The Business Journals.

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Description

Description

A proposed $20.7 million mid-rise residential building in downtown Cincinnati by National Church Residences. The seven-story, 46,121-square-foot building would bring 58 units of affordable senior housing to 114 W. Third St. The project sought 9% federal low-income housing tax credits but failed to secure funding from the Ohio Housing Finance Agency, leaving the project in limbo. The city of Cincinnati committed $2.36 million from its Affordable Housing Trust Fund and a 15-year, 67% property tax abatement to support the project.

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