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Collaborative Initiative to Assist Small Businesses Impacted by COVID-19

Collaborative Initiative to Assist Small Businesses Impacted by COVID-19 (5/3 Bank, AACC, NextStreet, Cincy USA Chamber, NDC) CINCINNATI – Fifth Third Bank, National Association, has announced the launch of the Greater Cincinnati COVID-19 Small Business Response and Recovery Initiative to ensure the success of small businesses in Hamilton County. The Initiative will provide small businesses of 25 or fewer employees (with an emphasis on small businesses with five or fewer employees) in low-to-moderate income communities that have been impacted by the pandemic with advice and pathways to accessing capital, via the Initiative’s loan and grant programs. Fifth Third has [...]

Collaborative Initiative to Assist Small Businesses Impacted by COVID-192021-02-05T20:32:30+00:00

City of Cincinnati Neighborhood Revitalization Strategy Area (NRSA) Outreach

City of Cincinnati Neighborhood Revitalization Strategy Area (NRSA) Outreach The City of Cincinnati receives funding from the U.S. Department of Housing and Urban Development (HUD) in order to conduct community and economic development activities. The City will be requesting HUD to designate eligible portions of 34 neighborhoods as Neighborhood Revitalization Strategy Areas (NRSA) in order to offer the residents increased opportunities with regards to the federal funding.  Specifically, NRSA designation allows more residents in those neighborhoods to have increased access to job training and workforce development assistance.  The purpose of this survey is to gather public comments about the [...]

City of Cincinnati Neighborhood Revitalization Strategy Area (NRSA) Outreach2020-07-28T18:54:53+00:00

Important Information Regarding 2020 LIHTC Applications

Important Information Regarding 2020 LIHTC Applications The Department of Community & Economic Development is excited to hear about the various Low-Income Housing Tax Credit (LIHTC) applications proposed for submission for Ohio Housing Finance Agency’s (OHFA) 2020 - 2021 Qualified Allocation Plan (QAP). LIHTC applications are due to OHFA by Thursday, February 13, 2020. For LIHTC applications to receive letters supporting local initiatives, location-based priorities, local financial support, etc; Developers will need to submit the one-page letter request form and any attachments to the Department of Community & Economic Development by 3:00 PM on Friday, January 24, 2020. Click [...]

Important Information Regarding 2020 LIHTC Applications2020-01-03T15:44:43+00:00

Notice of Funding Availability (NOFA) 2019-B Awards Announcement

The Department of Community & Economic Development is excited to announce the recipients of the Notice of Funding Availability (NOFA) 2019-B loan program. DCED’s Housing Division is recommending five (5) residential developments for NOFA loan awards. The awarded projects total $27 million in investment and 88 housing units. Fifty-three percent (53%) of all recommended units (47 units) will be affordable to households earning less than 80% of Area Median Income (AMI). A summary of each awarded project is listed below. Durner Building Awarded up to $295,000, anticipated Total Development Cost (TDC) $2.9MM This historic renovation [...]

Notice of Funding Availability (NOFA) 2019-B Awards Announcement2019-11-25T16:11:13+00:00

Notice of Funding Availability (NOFA) 2019-A Awards Announcement

The Department of Community & Economic Development is excited to announce the recipients of the Notice of Funding Availability (NOFA) 2019-A loan program. DCED’s Housing Division is recommending six (6) affordable residential developments for NOFA loan awards. The awarded projects total $60 million in investment and 365 housing units. Ninety percent (90%) of all recommended units (328 units) will be affordable to households earning less than 80% of Area Median Income (AMI). A summary of each awarded project is listed below. As we announce our first round of NOFA awards for the year, we look forward to the release of [...]

Notice of Funding Availability (NOFA) 2019-A Awards Announcement2019-07-22T15:11:47+00:00
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