Two Findlay Market Apartment Projects Win State Historic Tax Credits

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).

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