Neyer Holdings and 8K Construction both won Ohio Historic Preservation Tax Credits for projects to add new apartments to the Findlay Market area of Over-the-Rhine in Cincinnati, the Cincinnati Business Courier reports. Neyer plans to “rehab a pair of buildings, separated by one vacant corner lot, at 219 Findlay St. and 1826 Logan St.,” according to the article. The developer won $290,000 in tax credits for the $2 million project to convert the buildings into nine market-rate apartments. Neyer also plans to build a four-story building “featuring three condos” on the vacant corner lot between the rehabs, and a “four-story, single-family townhome” on a vacant lot to the east. All four projects are expected to break ground in 2024.
The state awarded 8K Construction $460,000 in tax credits for “the $2.4 million rehabilitation of adjacent three-story buildings at 129 and 131 W. Elder St.” The buildings, which date to 1864, have commercial tenants Maverick Chocolate and Arepa Place on the first floor; 8K will add four apartments above Maverick and six apartments above Arepa Place. The firm “committed to making six of the 10 units income-restricted to those making 60% of the area median income.” Construction is expected to begin in June. For more, read the full article (subscription may be required).