Findlay Parkside
About the project
The Model Group (Model) was founded in 1978 focused on property management and small-scale apartment and single-family development. Model's development approach considers the neighborhood context and the organization includes neighborhood revitalization as part of its core strategy.
The Model Group is based in Cincinnati, OH and focuses primarily on southwestern Ohio, as well as Kentucky and Indiana.
LISC provided a $6.34 million bridge loan to support the Findlay Parkside redevelopment of 11 buildings in the Over-the-Rhine community of Cincinnati. This is the fourth phase of a $125 million master plan for the broader Market District, a scatter site development around Findlay Market, the only surviving municipal marketplace in Cincinnati and Ohio's oldest market. Findlay Parkside will add 16,500 square feet of commercial space and 51 units of housing, of which 50% will be avialable to those at 80% AMI. The project will enhance the offerings of Findlay Market while catalyzing positive revitalization of the surrounding community, including access to fresh and healthy foods, historic preservation, job creation and affordable housing. LISC also supported previous phases of the plan, including Findlay Center and Market Square.
Partner:
The Model Group
Location:
Cincinnati, OH
Total Investment:
$6.34 million
Results:
51 units
77 jobs created or preserved
16,500 sq. ft.
Project Category:
Affordable Housing;
Employment Generation
Product:
Bridge loan
Website
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