Affordable Housing Leverage Fund
The Affordable Housing Leverage Fund (AHLF) is an aggregation of funds managed by the Cincinnati Development Fund to finance the construction, rehabilitation, and preservation of affordable housing in Greater Cincinnati. Sources include public, private, corporate, and charitable funds, each with their own goals, terms, and conditions. As a Community Development Financial Institution (CDFI) with decades of experience financing complex real estate projects, CDF’s role is to evaluate proposed financing requests and match individual project goals with the appropriate sources.
Applying for Funding. AHLF funds will be made available through a general application process or source-specific RFPs, when required by those sources. Interested developers should submit an Affordable Housing Leverage Fund Inquiry form for general requests for funding, including from the City of Cincinnati Affordable Housing Trust Fund.
Active requests for proposals (RFPs) for specific funding sources include:
City of Cincinnati ARPA RFP. CDF released an RFP for these funds on November 15, 2023. Applications are due no later than January 11, 2024. Funds may be used to support the production and preservation of affordable Multifamily housing units in Cincinnati, Ohio.
Hamilton County ARPA RFP. CDF released a RFP for these funds on April 18, 2023 and announced an initial round of awards on June 27, 2023. Applications are now being accepted as part of a “rolling round” of applications and awards. Funds may be used to support the production and preservation of affordable Multifamily and Single Family homes in Hamilton County, Ohio.