Northside Gateway not awarded Low-Income Housing Tax Credits; Co-developers will continue to seek necessary project funding
NEST, in co-development with Over-the-Rhine Community Housing and Urban Sites, plans to bring a mixed use, transit-oriented development with affordable housing to Knowlton’s Corner in Northside. The group submitted an application for the Northside Gateway in February 2024 to Ohio Housing Finance Agency’s Low Income Housing Tax Credit competitive program but was not selected for funding.
NEST acquired the historic former Stagecraft property, the adjacent vacant lot and went on to select Over-the-Rhine Community Housing and Urban Sites as co-developers through a public Request for Proposal. The team has since worked with the Northside community and the City of Cincinnati to pass a Planned Development approval for the site and include adjacent city-owned land in the redevelopment plan.
The project team remains dedicated to fulfilling the community vision for dense, affordable housing and business district revitalization at the entry point to Northside’s Historic Neighborhood Business District. Development plans for the project will remain the same and the co-development team is continuing to submit the project to all identified funding sources.
Sarah Thomas, NEST’s Executive Director, said “The Northside Gateway is a critical redevelopment for a long vacant and blighted area of Northside. Our goal is to satisfy community desire for revitalisation in this area while providing quality affordable housing that creates opportunities for residents to access alternate transportation methods, healthier lifestyles and economic opportunities within our neighborhood. We remain dedicated to funding and building this project in Northside.”
About NEST
Northsiders Engaged in Sustainable Transformation (NEST) is a conscientious community redevelopment corporation dedicated to ensuring Northside thrives as a vibrant and sustainable community by preserving, improving and creating the neighborhood’s built environment. NEST has been working to fulfill this mission since 2005 and is currently focused on homeownership, affordable housing opportunities, commercial redevelopment and business district revitalization.
To learn more about NEST’s and its impactful work, visit northsidenest.org.
About Urban Sites
Urban Sites specializes in development, construction, and property management in Cincinnati’s core neighborhoods. Our mission is to lift up neighborhoods by creating authentic urban spaces, experiences and lifestyles. For more information visit http://urbansites.com.
About Over-the-Rhine Community Housing
OTRCH has been active for over forty years, providing the property development, property management, resident services and tenant advocacy that enable the thriving, vibrant, diverse community in Over-the-Rhine. From providing affordable housing to saving historical buildings to providing housing and support for our most vulnerable neighbors, we're working to build and sustain a neighborhood that values low-income residents and benefits all in the community. For more information visit http://otrch.org.
Contact:
Katie Frazier
Community Engagement Coordinator
katie@northsidenest.org
