Annual Report 2021
Cincinnati is a place for innovation, a place for business, a place for education, and a place for quality of life. The Neighborhoods Division created and retained over 200 jobs and leveraged over $35 million in total investment. A $2 million program was released in December 2021 to assist our neighborhood business districts in rebounding from COVID-19. Funded activities may include capital projects, business start-up expenses, and other investments that will help neighborhood business districts stabilize and recover to build stronger communities through the development of affordable housing.
The Economic Development Division created and retained over 800 jobs and leveraged nearly $710 million in total investment. This success has been achieved by attracting new businesses and helping local companies expand their operations.
The Housing Division utilized federal sources (CDBG and HOME) and city General Fund dollars resulting in 16 quality housing development in our 52 neighborhoods. The Housing Division recommended four residential developments for NOFA loan awards in the amount of $3.3 million. The awarded projects are anticipated to leverage $46 million in private investment, producing and/or preserving 219 housing units, all of which target households with incomes at or below 60% of the Area Median Income (AMI).
