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.

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.

TCB is lifting Detroit’s Greater and Historic Corktown neighborhoods through redevelopment, revitalization and resident success. With local partners, and a $30 million Choice Neighborhoods Implementation award, TCB is delivering Community Life resident success initiatives and 350 homes, including homeownership opportunities and Preserve on Ash apartments.

Detroit’s transformation includes the replacement of Clement Kern Gardens Apartments with a total of 800 new homes and a Community Empowerment Center.

Current residents partner with TCB Community Life coaches to improve educational outcomes, household health, and economic self-sufficiency.

A contract award from Fannie Mae is helping TCB open doors to Black homeownership opportunities for families in Detroit. In addition, TCB invested New Markets Tax Credits for the restoration of The School at Marygrove elementary school.