2002 Section 108 Project Summary - Ohio

Housing

SECTION 108 FUNDS TO ENHANCE CINCINNATI HOPE VI PROJECT
Cincinnati OH Laurel Homes HOPE VI Project $4,000,000

The City of Cincinnati will reconstruct a former public housing site with the help of Section 108 by using $4,000,000 to finance public improvements associated with the Laurel Homes HOPE VI Project. The City will lend loan proceeds to the Cincinnati Metropolitan Housing Authority (CMHA), who will construct new streets, curbs, gutters, sidewalks, and water lines within the project area. The new streets will recapture the original street grid that existed prior to construction of the public housing, thereby incorporating the area back into the adjacent community. Laurel Homes will consist of 371 rental units and 100 homeownership units, 61 percent of which will be occupied by low- or moderate-income households. Upon completion, CMHA will convey the new streets to the City. Total project cost is estimated at $13,584,426.