Several of our loan funds are reserved exclusively for ownership unit development. These projects can take many forms.

CINCINNATI HOUSING DEVELOPMENT FUND

Pine Grove at Millennium Place
Developer: Pine Grove Partners, LLC
Type of Developer: For-profit
CDF Loan Amount: $550,000 Construction Line of Credit
Pro Forma Development Costs: $1,500,000
Project Type: New construction single-family homes
Location: Westwood - Pine Grove Subdivision

Millennium Place - Affordable Custom Homes by Showcase Building & Design
When this project is complete there will be 14 new single-family homes in Westwood located near I-75 and I-74 on Ferncroft and Millennium Place.  Starting at $184,000 the 14 Smart Homes can be completely wired to take advantage of proven technology that integrates PC, home appliances and interactive telephony services.  The standard floor plan is a 1700+ square feet ranch style home with 7 rooms, 3 bedrooms and 3 full baths, family room in the finished lower level with walkout patio, two car garage with 8 foot vaulted ceilings. All homeowners can take advantage of the City of Cincinnati's new construction tax abatement incentive for 10 years.

To schedule a showing contact Toye Stokes 513-821-3800

For more information about how CDF can help you finance your next development project contact CDF. 

 

CINCINNATI HOUSING DEVELOPMENT FUND

Jonathan Meadows (1524 Jonathan)
Developer: Avondale Redevelopment Corp
Type of developer: Non-profit
CDF loan amount: $2,785,021
Pro Forma Development costs: $4,268,540
Project type: New construction homeownership, market rate
Location: Evanston

These 22 single family homes are being constructed with assistance from the Cincinnati Development Fund, along with the city of Cincinnati and National City CDC. The project is being constructed on a vacant site near Walnut Hills High School, and is the first new single family home development in Evanston in over 50 years.

For more information about this project and others from this fund contact CDF.


Jonathan Meadows (Before)

 
Jonathan Meadows (After)