Paramount Launch
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 $2.59 million construction loan to support Paramount Launch, a $30 million redevelopment in the Walnut Hills neighborhood. Model is partnering with the Walnut Hills Redevelopment Foundation to revitalize a former grocery store and other vacant buildings into space for community-serving nonprofits and 56 new rental apartments.
Partners:
The Model Group
Location:
Cincinnati, OH
Total Investment:
$2.59 million
Results:
56 units
30,000 sq. ft.
Project Category:
Affordable Housing
Sub-Category:
Access to Essential Services
Product:
Construction loan
Website:
UN SDGs:
