Cincinnati City council has approved unanimously an ordinance transferring $775,000 in federal HOME funding from the surplus of three existing HOME project accounts to help fund a new senior infill project in Avondale.
Forest Square, to be built by Model Management at 430-436 Rockdale Avenue and 3511 Harvey Avenue, will consist of 21 affordable two-bedroom rental units.
The project is seeking LEED certification.
A groundbreaking date has not been announced.
Created in 1990 and administered by the U.S. Department of Housing and Urban Development, HOME is the largest federal block grant to state and local governments designed exclusively to create affordable housing for low-income households, allocating approximately $2 billion annually.
Previous reading on BC:
Transfer of federal HOME funding could bring senior infill to Avondale (7/28/09)
Monday, August 17, 2009
Funding for Avondale senior infill project approved
