Homes Owned Or Managed
Of Resident Teens Are In School
Sq. Ft. Commercial Space
National Association of Home Builders
Affordable Housing Finance Readers’ Choice Award
In partnership with local stakeholders, TCB leveraged a $29.5 million HUD Choice Neighborhoods Implementation grant up to $100 million in development to revitalize the Reading Road corridor in the heart of Cincinnati’s Avondale community.
The transformation includes low-income housing, historic tax credit equity, tax exempt bonds, and choice funds in four development phases. Featuring 319 restored or newly constructed mixed-income apartments and 75,000 square feet of commercial space, the redevelopment provides residents easy access to basic retail services.
In partnership with the Akron Metropolitan Housing Authority and utilizing HUD HOPE VI grants, TCB transformed the former Elizabeth Park Homes (the city’s oldest public housing site) into Cascade Village. The project is a mixed-income community with 242 newly constructed rental apartments, new infrastructure improvements, and a comprehensive resident services initiative.
Working with Cincinnati Metropolitan Housing Authority, TCB also implemented an eight-phase, $180 million revitalization of two adjacent, highly distressed public housing projects in Cincinnati’s West End. The resulting mixed-income community consists of 686 rental apartments, homeownership townhouses, and ground floor commercial space.
Redevelopment of Commodore Apartments in Cleveland’s University Circle preserves vital affordable apartments in a thriving neighborhood.
The development comprises the full renovation of 198 mixed-income residential units, including 54 market units and the long term preservation of 144 HUD subsidized apartments and 54 market-rate units.
The project utilizes low income housing and historic tax credit equity and a HUD 221(d)4 permanent loan.