Madisonville Redevelopment

Madisonville Redevelopment revitalized three buildings across three city blocks in the Madisonville neighborhood of Cincinnati, Ohio.

Investment

  • NMTC Amount: $18,310,000
  • Total Project Cost: $27,597,800

IMPACT

  • 97 FTE jobs
  • 142 construction jobs
  • Project includes a Federally Qualified Health Center.
  • 45,500 sq. ft. of real estate

Investor

Project Description

Madisonville Redevelopment aims to revitalize three buildings across three city blocks in the Madisonville neighborhood of Cincinnati, Ohio. The project is the first phase of a catalytic redevelopment of the Madisonville neighborhood. The project includes 106 apartments, 11,000 sq. ft. of renovated and expanded Federally Qualified Health Center (FQHC) space,10,000 sq. ft. of new construction office space and 24,500 sq. ft. of new and renovated retail space. Almost a quarter of the homes consists of below-market workforce apartments available to households earning 80% or less of Area Median Income (AMI).

MAP

Address: 5800 Madison Road, Cincinnati, OH 45227

Census Tract: 39061005500

Other Ohio Projects

The project will construct a new 34,000 sq. ft. facility allowing for more efficient use of space for programs and services.
AA $7.55 million investment in Mirac, Inc., a rural Ohio-based electronics assembly and fabrication company with locations in Lynchburg and West Union, that helps keep jobs in rural Ohio.
NMTC financing supported the $53 million General Electric Aviation EPISCENTER development on the University of Dayton campus.
Construction of new Neuroscience Institute facility and parking garage, and acquisition of equipment and machinery for owner-occupied hospital.