14 E. 14th Street, Cincinnati, OH 45202
Waiting List Forecast: Likely Short or None
Verified for 2020 by Ric Gresia| Rent | Beds | Baths | SqFt |
|---|---|---|---|
| Call for Rents† | Floorplan Info Upon Request | - | - |
Since this property is a LIHTC property that might not have a project based rental assistance contract, it is likely that it either has no waiting list or the waiting list is shorter than properties with rental assistance. You should contact the property to verify.
Note: Affordable Housing Online has not confirmed the waiting list status directly with the property. This waiting list status forecast is based on our housing experts' knowledge of similar properties. You should always confirm this status directly with the property.
Home to 94 low-income families in Cincinnati, OTR Revitalization consists of 17 buildings in Over-the-Rhine, Power Price Hill and Mt. Auburn neighborhoods. This scattered site property has 1-, 2-, 3-, 4- and 5-bedroom units, and includes a variety of historic architectural features. Amenities include individual heating and air conditioning units, hardwood floors, ceramic tile baths and kitchens, intercoms, quarry tile common areas, on-site laundry facilities, double-hung windows, pedestal vanities in bathrooms, new wood cabinets, and wainscoting chair rails in hallways.
OTR Revitalization 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.
OTR addresses:
14 E. 14th
1700 Elm
322,324 Findlay
1639 Hamer
43, 78, 82, 136 Mulberr
1405, 1613, 1615, 1719 Race
2111 Rice
210 Schiller
1021, 1023 State
2133 Storrs
2239,2241,2243,2245, 2247, 2251, 2253, 2355 Vine
2354 Wilder
This LIHTC property is among the most common types of affordable rental housing in the United States. The LIHTC program only provides subsidies to the building’s owner at construction. No subsidies are provided directly to the residents, but the owner must set rents affordable to low-income renters in the area. Our data suggests Otr Revitalization does not participate in any project-based rent subsidy program. This means you must earn enough to pay the full rent or have your own Section 8 Housing Choice Voucher. For that reason, LIHTC properties tend to have shorter waiting lists or even none at all. LIHTC properties nationwide are required to accept housing vouchers. LIHTC properties were first built in the late 1980's. Because they tend to be newer, these properties are more likely to have larger units, more amenities, and greater tenant service offerings than other affordable housing programs. This property might be right for you if you have a housing voucher or enough income to pay rent, are looking for a high quality property, or need immediate availability. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers. As a LIHTC property that chose the 40/60 election, this property has agreed to set aside at least 40% of its units for families and individuals earning 60% of Area Median Income (AMI). Many properties have actually set aside more units than required by law, and in many cases all of the units at these properties are affordable to renters with lower incomes. Since this property participates in the LIHTC program, the property is required to accept Section 8 Housing Choice Vouchers.
~ Dave Layfield, Founder of Affordable Housing Online
| AMI* | 1 person | 2 people | 3 people | 4 people | 5 people | 6 people | 7 people | 8 people |
|---|---|---|---|---|---|---|---|---|
| 50% AMI for LIHTC Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year | $54,600 / year | $58,650 / year | $62,700 / year | $66,750 / year |
| 50% AMI for PBRA Units | $35,400 / year | $40,450 / year | $45,500 / year | $50,550 / year | $54,600 / year | $58,650 / year | $62,700 / year | $66,750 / year |
| 60% AMI for LIHTC Units | $42,480 / year | $48,540 / year | $54,600 / year | $60,660 / year | $65,520 / year | $70,380 / year | $75,240 / year | $80,100 / year |
*AMI: Area Median Income. Renters qualify for different housing programs if their income is below a specified percentage of AMI.
Does Otr Revitalization have a waiting list?
Otr Revitalization probably doesn't have a waiting list, and, if it does, the wait times are most likely short. We haven't confirmed if this is the case, so you should contact the property to confirm.
Are rents subsidized at Otr Revitalization?
We believe rents are most likely NOT subsidized at any of the units at this property since our research has not discovered any public housing or rental assistance contracts associated with this property. This means you will most likely have to pay the full rent no matter your income. Note: In some rare instances, some properties may have a small number of units subsidized through state or private programs.
What property management company manges Otr Revitalization?
Otr Revitalization is managed by Preservation of Affordable Housing (POAH) headquartered in Boston, Massachusetts.
In addition to Otr Revitalization, how many other affordable housing properties (and units) are there in Cincinnati?
In addition to Otr Revitalization, we list 289 other affordable properties in Cincinnati. Learn about these properties here. Our data research shows that there are a total of 21040 affordable units in Cincinnati.
861 Beecher St., Cincinnati, Ohio 45206
400 W 9th St, Cincinnati, Ohio 45203
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