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Nuveen tells Ohio Senate committee it will invest about $400 million in housing, asks public partners to fill $25 million gap
Summary
Nuveen (TIAA-owned) presented to the Senate Committee on Housing a plan to preserve and build affordable housing in Ohio, outlining projects in Columbus and Canton, a roughly $400 million investment and a request for public capital (speaker-stated commitments: $25M city, $25M county; an identified $25M gap).
Nuveen, the investment arm of TIAA, told the Ohio Senate Committee on Housing on Dec. 5 that it plans to invest about $400 million in preservation and new construction for affordable and mixed-income housing across the state and asked public partners to help fill a remaining funding gap.
"We're gonna invest a total of about $400,000,000," said Nadia Settles, who introduced herself as the global head of Nuveen's impact investing team. Settles said the firm's work combines preservation of existing subsidized properties and new mixed-income development, with long-term regulatory agreements and on-site property management.
The presentation focused on several Columbus-area projects Settles named from the podium: Sawyer Towers (described as about 400 units, to be demolished and rebuilt…
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