August 2018 Agency Update

August 2018 Agency Update

OHFA UPDATE - PAGE 8 - AUGUST 2018 GRAND OPENINGS AND GROUNDBREAKINGS BAILEY MARTIN OFFICE OF COMMUNICATIONS AND MARKETING Marlowe Court Cincinnati, Hamilton County Located in the College Hill neighborhood of Cincinnati, Marlowe Court provides 53 units of affordable housing to seniors and adults over the age of 18 who have mobility disabilities. OHFA provided $990,000 in Low-Income Housing Tax Credits and a Housing Development Loan (HDL) of $1.5 million.The development is located within a vibrant neighborhood and is close to restaurants, shopping areas, local services and public transportation.The units are fully accessible, and the property includes on-site management, access to social services, planned activities, Meals on Wheels services and comfortable outdoor areas for residents to enjoy. Executive Director Sean Thomas (sixth from the left) attends the grand opening of Marlowe Court in Cincinnati. Tiffin Pointe Tiffin, Seneca County Tiffin Pointe is a workforce development initiative for families in Tiffin, Ohio.The property involved the construction of 52 two-, three- and four-bedroom units located closely to retail and commercial businesses, such as grocery stores and banks. The land was formerly a dilapidated mobile home park and was redeveloped into a beautiful development that includes spacious units, a community clubhouse, a children’s playground and a half-acre of green space with sidewalks and landscaping. Tiffin Pointe focuses on preparing residents for the area’s workforce and is in a walkable neighborhood near employment opportunities.This development will be built in two phases that include both affordable and market-rate housing. OHFA provided a Housing Development Loan of $1.5 million and $800,000 in Low-Income Housing Tax Credits to create Tiffin Pointe. Legacy Pointe at Poindexter Columbus, Franklin County Also known as Poindexter Phase III, this new construction created 84 apartments in the Near East Side of Columbus, Ohio. OHFA provided $300,000 in Housing Development Assistance Programs (HDAP) funds and $1 million in Low-Income Housing Tax Credits, along with a $1.5 million Housing Development Loan (HDL).This development creates a mixed-income, multigenerational community that complements the diversity of the surrounding neighborhood.With a range of apartment sizes and rent levels, the property also accommodates residents from various socioeconomic backgrounds. Residents of this property will also have access to a community room and fitness center located in an earlier phase of Poindexter Village. Furthermore, each resident will have access to supports that will help them gain economic stability and upward mobility thanks to partnerships with local service organizations. On the same day as the grand opening of Poindexter Phase III, the partners involved also broke ground on Poindexter Phase IIB, which will involve the new construction of 87 units, 34 of which will be market-rate.The remaining units will be affordable to lower income households. For this phase, OHFA provided $1 million in Low-Income Housing Tax Credits and a Housing Development Loan (HDL) of $1.5 million.

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