Wednesday, March 18, 2009

An extra $95K for community housing development

An ordinance transferring $95,000 to cover an increase in demand for community housing development has been passed unanimously by Cincinnati City Council.

Funding will be transferred from the Cincinnati Homeowners Infill and Rehab Program account into the Neighborhood Capacity Building and Technical Assistance account.

Increased outreach by funding administrator Community Development Corporation Association of Greater Cincinnati (CDCAGC) has led to the growth of the number of participating community housing development organizations, causing the estimated amount of operating expenses needed by CDCAGC to be exceeded.

Previous reading on BC:
Cincinnati may appropriate $95K for community housing (3/10/09)