This dashboard only displays projects that have received city gap financing support or incentives. This dashboard will be updated within the next few weeks due to system upgrades.
How to use this dashboard:
The
Affordable Housing dashboard provides a high-level overview of projects currently
under construction or completed across the City of Cincinnati that have received city gap financing support or incentives. Users can filter
projects based on:
2.
Neighborhoods: Based
on Statistical Neighborhood Approximation (SNA).
3.
Construction: Including
new, renovation, or both.
4.
Low-Income Housing Tax Credit (LIHTC): Based
on if that project was designated as a LIHTC project.
5.
Year: Based on the
calendar year when the project was first initiated.
To navigate to the list of addresses please click the arrow on the top right side of the dashboard. To return back to the main page click on the back arrow to the top left side of the dashboard. This dashboard will be updated quarterly.
About
the Data:
The
Department of Community & Economic Development (DCED) provides residential
developers with various financing tools and incentives for transformative
housing projects that will make positive, visible impacts on our communities.
Utilizing gap financing through the City’s Notice Funding Availability, the
Affordable Housing Trust Fund, District Tax Increment Financing, and tax
abatements, DCED supports projects that achieve Plan Cincinnati's goals to
provide a full spectrum of healthy housing options and to improve housing
quality and affordability.
Definitions:
Affordable Housing Trust Fund: A fund established by
the City of Cincinnati to be used to help finance the new construction and
preservation of local affordable housing units.
Affordable Tax Increment Finance District: A tax
increment structure where twenty-five percent of the increases in property
value (increment) collected in these districts are set aside to be used to help
finance the new construction and preservation of affordable housing that
benefits the district in which the increment was collected.
Capital: Funding that is pulled from the City of
Cincinnati Capital Budget.
Community Development Block Grant (CDBG): A federal
entitlement grant provided to states, cities, and counties that is used to
support programs and projects to the primary benefit of low- and
moderate-income individuals.
Home Investment Partnership Program (HOME): A federal
entitlement grant provided to states, cities, and counties that is used to
support affordable housing projects for low-income households.
Lead Grant: A federal grant that is focused abating
lead paint, dust, and soil hazards in residential properties constructed before
1978.
Neighborhood Business District Improvement Program: A
program that allocates annual funding for improvement projects that attract and
retain small businesses in all Cincinnati neighborhood business districts
(NBDs)
Tax Increment Finance District (TIF): A tax increment
structure that takes the increases in property value from new development
(increment) and uses them to finance public improvement projects in the
designated districts.
Area Median Income (AMI): Area median income is defined as the midpoint of a specific area's income distribution and is calculated on an annual basis by the Department of Housing and Urban Development.