Posted on Nov 3, 2023
Southwest Ohio gets 3 more affordable housing developments
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Affordable housing projects in two parts of Greater Cincinnati hit milestones this week.
Crews broke ground Thursday on a long-awaited project called Vandalia Point in Northside and opened up another project called Griffon Apartments in OTR. And officials on Wednesday cut the ribbon on a rare rural affordable housing development in Hillsboro, an hour outside Cincinnati.
Vandalia Point will feature 52 units of housing affordable for people making 30% to 60% of the area median income. That means the units will rent for between $521 for an efficiency to $1,577 for a three bedroom.
Recent data suggests Cincinnati needs about 19,000 units of housing affordable to low-income people.
Tight-knit Northside has long been a popular place to live, and as demand for housing has gone up there, so have rents. Census data shows Northside saw some of the biggest increases in housing costs in Cincinnati, and that some residents have likely been displaced due to those increases.
Crews broke ground Thursday on a long-awaited project called Vandalia Point in Northside and opened up another project called Griffon Apartments in OTR. And officials on Wednesday cut the ribbon on a rare rural affordable housing development in Hillsboro, an hour outside Cincinnati.
Vandalia Point will feature 52 units of housing affordable for people making 30% to 60% of the area median income. That means the units will rent for between $521 for an efficiency to $1,577 for a three bedroom.
Recent data suggests Cincinnati needs about 19,000 units of housing affordable to low-income people.
Tight-knit Northside has long been a popular place to live, and as demand for housing has gone up there, so have rents. Census data shows Northside saw some of the biggest increases in housing costs in Cincinnati, and that some residents have likely been displaced due to those increases.
Southwest Ohio gets 3 more affordable housing developments
Posted from wvxu.org
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Posted 6 mo ago
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PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!
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PO1 William "Chip" Nagel BUILD BACK BETTER....
..."The project by Midwest affordable housing developer Wallick also utilized Low Income Housing Tax Credits to build 56 one-, two- and three-bedroom units for low-income residents as well as a club house, fitness center, computer center and playground. Wallick says the development is fully rented.
Estimates suggest Ohio needs more than 245,000 units priced at the levels Fenner Ridge and Vandalia point rent for."
..."The project by Midwest affordable housing developer Wallick also utilized Low Income Housing Tax Credits to build 56 one-, two- and three-bedroom units for low-income residents as well as a club house, fitness center, computer center and playground. Wallick says the development is fully rented.
Estimates suggest Ohio needs more than 245,000 units priced at the levels Fenner Ridge and Vandalia point rent for."
(5)
(0)
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