Ten formerly vacant and blighted homes in the Cedar Grove area of Price Hill are fully rehabbed and ready for new owners. The Port, Hamilton County Landbank, City of Cincinnati, and Price Hill Will celebrated the completion of the first phase of REACH (Rehab Across Cincinnati and Hamilton County) Price Hill with a ribbon-cutting in October 2019.
The Port kicked off REACH in Price Hill in 2018, meeting with community organizations and stakeholders, including Price Hill Will, East Price Hill Improvement Association, West Price Hill Community Council, Elder High School, and Seton High School. With funding from the City of Cincinnati and the Greater Cincinnati Neighborhoods Housing Revitalization Loan Fund, The Port began rehab of the first ten homes in 2019.
"With all the success we have seen with the Incline District, it's great to now see The Port, the Landbank, and the City continuing that momentum west, restoring some of these great homes to bring back affordable, middle-class housing for families here in Price Hill," John Cranley, Mayor of the City of Cincinnati, noted at the ribbon-cutting.
REACH focuses on kick-starting the housing market through targeted single-family home rehab and infill new-build. Investment is made strategically at scale to create new market comps and position the neighborhood for future investment. Since its launch in 2015, nearly 50 homes have been put back into productive use through the program in Evanston, Walnut Hills, and Price Hill with more houses underway.
Cincinnati's neighborhoods have a wealth of solid housing stock, but with older, long-vacant properties come challenges and getting them to a move-in ready state is an intensive process. Our teams kick off the rehabs with a full cleanout of all houses, sometimes followed by remediation of lead and asbestos, and an energy assessment in partnership with the Cincinnati Energy Alliance. The homes are taken down to the studs and outfitted with new electric, HVAC, plumbing, roof, windows, and flooring.
We are often working on home rehabs that wouldn't be feasible without subsidy. The REACH model allows us to take on these challenging projects, bringing these homes back to life and contributing to the surrounding community again. Each home brings its own challenges, but we also embrace the opportunity to showcase each home's unique character and features." - Liz Eddy, Director of Residential Development - The Port
The Port and Hamilton County Landbank worked with general contractors Unlimited Carpentry and Titan Real Estate Group, a small business enterprise (SBE) and woman-owned business enterprise (WBE) respectively. Both firms are also certified HUD Section 3 Business Concerns, committed to providing employment opportunities to low- and very low-income residents, with at least 30% of their full-time workforce comprised of individuals previously making less than 80% AMI.
REACH Price Hill also placed an emphasis on providing affordable housing options. Six of the ten homes are designated for occupancy by households at or below 80% AMI. To encourage homeownership rather than speculation, all of the homes have a 5-year restrictive covenant for owner-occupancy.