Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
CDFI reports nearly $30M deployed and 1,100 units financed under Hamilton County ARPA housing program
Summary
Luke Blocker of a Cincinnati community development finance intermediary told commissioners the Hamilton County ARPA Affordable Housing Program has deployed almost $30 million (of roughly $33.5M–$36M), financed nearly 1,100 units to date, leveraged about $344 million in additional investment, and is targeting March–April to finalize remaining commitments including a tiny-homes application now under review.
Luke Blocker, representing a Cincinnati community development finance intermediary (CDFI), briefed commissioners on Jan. 27 on the county’s American Rescue Plan Act (ARPA) Affordable Housing Program, a contract partnership executed in December 2022.
Blocker said the program has deployed almost $30 million of the county’s allocation (originally cited at about $33.5 million, later discussed as roughly $36 million after additions) across about 30 projects and has leveraged approximately $344 million in other investment. He said the program has financed nearly 1,100 housing units to date, exceeding the original contractual aspiration of about 750 units.
Blocker described two…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
