Increasing a range of affordable and market-rate homeownership opportunities across the region
The Port is working to provide housing options across multiple price points ranging from affordable to market-rate. In 2018, The Port's housing programs received a boost from multiple foundations including the Farmer Family Foundation and Greater Cincinnati Foundation, enabling us to better meet the need for housing throughout our region.
Residential Strategy Impact
69REACH + HURC Homes Completed
$11.5 millionincrease in property values
$4.5 millionin total subsidy
Residential Development Resources and Programs
HURC (Homesteading & Urban Redevelopment Corporation)
The HURC is dedicated to improving the quality of housing stock and increasing affordable homeownership throughout Hamilton County by providing a quality home rehab with minimal overhead. Through The Port's holistic housing strategy, HURC often complements REACH in specific focus areas of communities to provide a full range of housing options.
REACH (Rehab Across Cincinnati & Hamilton County)
The REACH program accelerates neighborhood reinvestment by acquiring and renovating pivotal blighted properties that hold neighborhoods hostage. REACH helps to implement residential redevelopment in focus areas of a community holistically. REACH is currently working in four neighborhoods: Evanston, Walnut Hills, Price Hill, and Avondale.
We talked about 20 houses being redone and renovated and rehabbed and resold, and I thought, '20 houses. That's going to take forever in this neighborhood,' but we have exceeded the goal, the houses are fabulous, we have buyers actually fighting over the homes, and we're very excited in Evanston about having that program. - Sharron Moon, Evanston Resident
Hamilton County has a wealth of unique neighborhoods with valuable housing stock, but due to years of neglect and disinvestment, the risk of investment is too high for the private market. Investment is done strategically at scale to create new market comps and position the neighborhood for future investment. A key tenet of REACH is it is done WITH the community and not TO the community. The goal is to create a thriving neighborhood of choice, for both new residents as well as legacy residents.
Evanston Welcomes New Family in Formerly Vacant and Blighted Home
HURC acquired 1654 Jonathan, a vacant, condemned property, and five others in Evanston for total rehabs, receiving $300,000 of City NOFA funding in 2017.