Two more affordable housing developments will be built in our neighborhood after today’s announcement that the Ohio Housing Finance Agency has awarded them tax credits.
• The International Village project, located near the Thomas Jefferson Newcomers Academy on West 46 Street in the Clark-Fulton neighborhood, plans to build 22 new single-family homes on vacant lots. You can read more about that project here.
• And the Emerald Alliance XI project (see drawing above), located at the site of the old YMCA on West 25th Street in the Brooklyn Centre neighborhood, is planning 71 one-bedroom apartments for residents who’ve experienced homelessness. The apartment building will offer social services including help finding jobs. Read more about those plans here.
These housing tax cuts help cover the cost of construction and rehabilitation. In exchange, the owners promise affordable rents for low- and moderate-income residents for up to 30 years.