We partner with various entities to finance affordable rental unit renovations, as well as market-rate and mixed-income rental developments.

LOAN POOL VII

Hollywood Apartments (5818 Hamilton Avenue)
Developer: Access Property Management, LLC
Type of developer: For-profit
CDF loan amount: $530,555
Pro Forma Development costs: $600,555
Project type: Rental rehab, market rate
Location: College Hill

A loan from CDF allowed the Borrower, to acquire and renovate the property located at 5818 Hamilton Avenue in College Hill.  The structure was built in 1928 with most of the original finishes still in place. Hollywood Apartments is a three story brick structure consisting of 34 residential apartments and 2 storefronts.  The developer upgraded all kitchen and baths with new counter tops, floors, sinks and faucets, custom paint finishes on the existing steel cabinets and contemporary light fixtures transforming old out-dated space into attractive and desirable market rate apartments.Both commercial storefronts now have stable, quality tenants. 

Hollywood Apartments is another great example of CDF financing helping to revitalize communities.

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