Post Date: 06/15/2020
Cincinnati Metropolitan Housing Authority (CMHA) has been awarded low-income housing tax credits from the Ohio Housing Finance Agency (OHFA) to help fund the development of Bennett Point in the Cincinnati neighborhood of Pendleton. OHFA announced that CMHA’s Bennett Point is one of 37 developments out of 88 applications across Ohio to win the competitive award. CMHA will receive $795,000 in tax credits for the next ten years or nearly $8M for the development of the Pendleton units. This development will also include a commercial laundry space that will benefit the entire Pendleton community. Bennett Point is CMHA’s first new development within the City of Cincinnati in more than a decade.
Cincinnati Metropolitan Housing Authority, Urban Sites and Berardi + Partners, Inc. partnered together to design Bennett Point and the partnership will continue through the construction of the development. The Pendleton location will include 56 apartments with one, two and three bedroom units. The total development cost is just under $16M. Dr. Martin Luther King, Jr. said, “All labor that uplifts humanity has dignity and importance and should be undertaken with painstaking excellence.” Bennett Point will foster a diverse and inclusive community while also allowing low-income families to take part in the ongoing economic revitalization of Pendleton and the adjacent neighborhood of Over-the-Rhine. The development of affordable housing not only provides homes for families and career opportunities for job seekers it is labor that uplifts the community.