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| Plans by real estate developer Flaherty and Collins to build the Depoton Detroit got a boost by winning Low-Income Housing Tax Credits from the state yesterday. The affordable housing development is planned next to the Greater Greater Cleveland Regional Transit Authority’s West Boulevard-Cudell rapid transit station (City Architecture). CLICK IMAGES TO ENLARGE THEM |
Six housing developments in Cuyahoga County won federal Low-Income Housing Tax Credits (LIHTCs) yesterday from the Ohio Housing Finance Agency (OHFA), improving their chances of seeing construction in the near future. Those projects and 23 others elsewhere around the state received conditional LIHTC commitments. Developers will use those awards to leverage additional financing in the creation or rehabilitation of rental housing for low- to moderate-income Ohioans.
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