Sources combine public, private, corporate, and charitable funds, including money from the City of Cincinnati’s Affordable Housing Trust Fund (“AHTF”). Incorporating funding sources allows them to be more effectively leveraged and deployed for meaningful projects. The funds extend financing and subsidy in the form of forgivable loans or low-interest repayable loans through an evaluation and underwriting process. Repaid loans are then recycled and re-lent in accordance with AHTF terms. They can be used for acquisition costs, hard construction costs, and reasonable soft costs for residential and mixed-use developments serving low-to-moderate income tenants. Read more on CDF's website.

 

CDF is the service provider, and the Department of Community and Economic Development ("DCED") is the City of Cincinnati's departmental contact for projects utilizing City dollars from the fund, helping CDF review and approve projects.

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Goal​

 

Cincinnati has a housing supply shortage; matched with increased demand, this leads to rising housing costs and a deficit of affordable housing options for residents. In recognition of this, the AHLF activates and encourages proactive and targeted housing development, supporting a diversity of high-quality housing options for a variety of income levels, as well as supportive housing services. It increases available financing tools to encourage the production of new AMI-restricted housing units and the preservation of existing affordable housing, thus widening production capacity within the development industry.

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Who Can Apply?

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• Affordable Housing Developers

 

Overview of Process

 

Interested developers should read the full eligibility terms and requirements on CDF's webpage, linked below, before submitting the inquiry form to CDF on the webpage following the guidelines set for underwriting and awards. Inquiries are then reviewed by CDF; DCED staffs assists in the review on projects applying for City funding.