Hamilton County Commissioners have approved a $2 million increase in their affordable housing investment, bringing the total to nearly $50 million. This includes a partnership with the Cincinnati Development Fund (CDF) under the Affordable Housing Leverage Fund, which now amounts to $36.4 million.
The Commissioners have allocated $1 million of this new funding for potential tiny homes as part of their affordable housing strategy. A feasibility study will be conducted in early 2025 to evaluate if tiny homes can provide a sustainable solution to the county's housing challenges, particularly for veterans.
"Hamilton County remains deeply committed to addressing the growing need for affordable housing- especially among seniors, people with disabilities, returning citizens and Veterans," said Alicia Reece, President of the Board of County Commissioners. "By expanding our funding and exploring innovative approaches like tiny homes, we’re working to ensure more families have access to stable and affordable housing options."
Commissioner Denise Driehaus expressed enthusiasm about exploring tiny homes as "a flexible, cost-effective, and dignified housing solution for individuals and families who need it most." She emphasized her interest in aiding veterans through these solutions.
Commissioner Stephanie Summerow Dumas highlighted that "the $1 million set-aside for tiny homes reflects this Board’s openness to creative housing solutions that could meet the unique needs of Hamilton County residents."
The feasibility study results are expected in the second quarter of 2025. The expansion is part of Hamilton County's use of funds from the American Rescue Plan Act (ARPA), which must be obligated by 2024 and spent by 2026. The Affordable Housing Leverage Fund aims to align public and private resources for impactful investments in developing, rehabilitating, and preserving affordable housing units across the county.
Luke Blocher, Chief Strategy Officer at Cincinnati Development Fund stated: "We are grateful for the Commissioners’ continued support of this innovative public-private partnership. This new investment in the Affordable Housing Leverage Fund strategically bolsters our effort to bring quality, affordable housing to as many residents of our County as possible."