Notice of Funding Availability
The City of Cincinnati’s Community Development Department is committed to streamlining the development process. From federal and city funding to multifamily and commercial development tax abatements, our city offers a variety of programs to promote the continued development of the Queen City’s skyline.

Notice Of Funding Availability (NOFA)

The Department of Community & Economic Development (DCED) NOFA loan program provides residential developers with long-term, low, fixed-rate financing for transformative housing projects that will make positive, visible impacts on our communities. Through NOFA, DCED intends to support projects that achieve Plan Cincinnati’s goals to provide a full spectrum of healthy housing options and to improve housing quality and affordability.

How does NOFA work?

NOFA is a public gap financing tool that leverages private financing to develop quality housing throughout the City. Through NOFA, DCED provides subordinated, fixed-interest, long-term loans for up to 40% of total project cost, up to $1 million. Program participants must secure the remainder of project financing prior to the submission of a NOFA loan application. Applicants must also provide an equity commitment of at least 5% of total project cost to be eligible for NOFA.
 
If you are interested in applying for a NOFA loan, please consult the NOFA 2018 Guidelines to the right of the page.
 

NOFA 2018 Schedule