NOFA Continues Housing Boom in Cincinnati Neighborhoods

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NOFA Continues Housing Boom in Cincinnati Neighborhoods

01 December 2015 - 12:00:00 AM

Harry Black

Cincinnati City Manager

FOR IMMEDIATE RELEASE

December 1, 2015

MEDIA CONTACT: Holly Stutz-Smith holly.stutz-smith@cincinnati-oh.gov or 513-352-6263

 

Second Round of CoreFour Funding Prioritized for Target Communities

CINCINNATI - Today, the City of Cincinnati announced the 2015 Fall Notice of Funding Availability (NOFA). The NOFA provides developers -- individuals, partnerships, for-profit and non-profit corporations – the opportunity to apply for City funds to create exceptional homeownership and rental projects with positive and visible impacts. The NOFA is designed to help achieve PLAN Cincinnati’s goal of having a full spectrum of quality housing options for individuals across income groups and in all stages of life.

Once again the CoreFour priority funding program, which was unveiled in early 2015, will add to the overall success of the NOFA. Although projects in any of the City's 52 neighborhoods are eligible for NOFA funding, projects located in CoreFour neighborhoods will receive scoring preference.

In early 2015, the City committed over $3.2 million of NOFA funding to develop 8 projects throughout CoreFour neighborhoods. These projects represent approximately 275 residential units, both homeownership and rental, with a mixture of price points to attract households at diverse income levels.

The four neighborhoods for the second round of CoreFour will be:

  • Northside
  • Madisonville
  • College Hill
  • Westwood

Approximately $4 million in funds will be allocated for the 2015 Fall NOFA. More information is available at the Community and Economic Development website or the application can be downloaded directly.



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