Affordable and mixed-income rental developments have been a significant component of the renaissance of downtown Cincinnati.

LOAN POOL VII

Laurel Homes Phase V (700-728 Derrick Turnbow, 704-741 David, 707-731 Wade, and 1502 - 1542 Linn)
Developer: Cincinnati Metropolitan Housing Authority/The Community Builders, Inc.
Type of developer: Public entity/non-profit
CDF loan amount: $2,763,000
Pro Forma Development costs: $12,261,575
Project type: New construction rental, mixed income
Location: West End

Laurel V represents the final phase of the rental housing development in Cincinnati’s West End Neighborhood.   A total of 106 Townhouse units, a combination of 47 public housing units restricted to households earning less than 35% of Area Median Income (AMI); 6 LIHTC units restricted to households earning incomes at or below 60% AMI; and 53 unrestricted market rate units. The Laurel Homes Phase V development represents the last piece of a multi-phase development involving the demolition and rebuilding of the second oldest public housing community in the United States.  CDF has also financed Laurel I, Laurel II, Laurel IV and Lincoln IV. 

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