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Habitat for Humanity Greater Cincinnati

NMTC financing supported a multi-state, first of its kind Habitat for Humanity project spanning the country.

Investment

  • NMTC Amount: $1,880,000
  • Total Project Cost: $1,880,000

IMPACT

  • 4 construction jobs
  • 45 homes developed through Habitat for Humanity

Investor

Voices from the Community

We are facing an affordable housing crisis across the USA. 1 in 6 families are paying more than 50% of their monthly income on housing costs. This is unacceptable. NMTC’s enable developers and community development organizations to make investments in affordable housing in markets where it is needed most to provide affordable workforce housing in proximity to employment opportunities.

-Ed Lee, President & CEO, Habitat for Humanity of Greater Cincinnati, Cincinnati, Ohio

Project Description

CEI Capital Management – with support from their partner, Smith NMTC and an equity investment from U.S. Bank – used NMTC financing to support a multi-state, first of its kind Habitat for Humanity project spanning the country.

The project funds the work of 21 Habitat for Humanity affiliates nationwide and it resulted in the construction of 503 single-family homes for purchase by low-income individuals. Affiliates were located in AZ, CA, CO, CT, FL, MI, MO, NE, NC, OR, TN, TX, WA, WV, WI, and of course, Ohio, where Habitat built 45 new homes in Cincinnati’s Mt. Auburn neighborhood.

MAP

Address: 101 Winkler Street, Cincinnati, OH 45219

Other Ohio Projects

The acquisition and renovation of real estate and improvements for owner occupied call center businesses that will also lease space to non-profit social enterprise that provide on-site support services such
A promotional postcard from the Finance Fund led to a permanent, high quality facility for the Noble Learning Center located in Caldwell, OH.
A new school at E. 62nd Street and St., a modern three-story building on a site that once was home to the former Kausek Brothers Department Store.
The NMTC supported the expansion of a mill site for Ohio Valley Stave, adding a new milling line to the current manufacturing operations.