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.
Funding Availabilities. AHLF funds will at different times be made available through an RFP process or a general application, depending on the requirements of a particular funding source. See below for current funding availabilities.
Hamilton County ARPA RFP. CDF is pleased to release a Request for Proposals (RFP) on behalf of Hamilton County, Ohio to use certain American Rescue Plan Act (ARPA) funds for the production, rehabilitation, and preservation of affordable housing to increase long-term housing security and to respond to the negative economic impacts of the Covid-19 pandemic on households and communities in Hamilton County.
General AHLF Funding Opportunities. Outside of RFPs for specific funding sources , CDF is accepting general inquiries for financing support from the aggregated Affordable Housing Leverage Fund – which includes the City of Cincinnati’s Affordable Housing Trust Fund – for projects involving the production and preservation of affordable housing. These funds may be used for acquisition, predevelopment, and construction costs related to projects building or preserving affordable housing units in the Greater Cincinnati region. Funding is available in the form of both forgivable loans and amortizing construction, bridge, subordinate, and permanent loans, as determined by CDF underwriting. Interested borrowers should submit the form linked here.