Home to 41 low- and moderate-income families, MainStrasse consists of eight scattered-site properties in Covington, Kentucky.
WH MainStrasse Apartments is one of 18 properties in the Cincinnati area acquired by POAH from The Model Group in May 2018. This acquisition preserved 1,100 rental apartments at a time when the neighborhood was seeing significant investments in infrastructure, new public transportation options, and an expansion of the district’s art and dining scene. This ensured the units would remain affordable long-term and allow residents of all income levels to participate in the economic renaissance of the neighborhood.
POAH Communities will also implement a Community Impact program across the portfolio to help residents succeed, with outcome-driven resident services that foster financial stability, health and education.
414 w. 6th
257, 301, 315 w. 7th
710, 712 Greer
622, 637, 801, 803 Main
807, 812, 815 Perry
Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.
Since this property has a Project-Based Section 8 contract with HUD, some or all of the rents at this community are based on tenant incomes. Tenants leasing units participating in the Section 8 Project-Based Rental Assistance program typically contribute less than 30% of their adjusted income towards rental costs.
WH MainStrasse Apartments is managed by Preservation of Affordable Housing (POAH).