
Developers have broken ground on Blair Lofts, a 64-unit affordable housing community in Cincinnati’s Avondale neighborhood.
The $15.5 million Blair Lofts is being developed by Fairfield Homes in partnership with Kingsley + Co. and the Avondale Development Corp. to serve residents earning between 30% and 60% of the area median income.
The new community will be on a Metro bus line and within walking distance to the University of Cincinnati Innovation Corridor, Avondale Towne Centre, and Cincinnati Children’s Hospital Medical Center. The property, which includes one-, two-, and three-bedroom apartments, will offer residents on-site management, secured access building entry, on-site storage and parking, and in-suite laundry. In addition, residents can enjoy common areas including a community room, a community kitchen, and a fitness center.
“What our team strives to do each and every day on the job is to build community,” said Jennifer Gorsuch Walters, president of Fairfield Homes. “And making a project like Blair Lofts happen really does involve an entire community of people. We are proud to work with our partners at Kingsley + Co. and the Avondale Development Corp. to bring this project to life.”
Designed to be LEED certified, Blair Lofts received primary financing through federal low-income housing tax credits from the Ohio Housing Finance Agency, with Ohio Capital Corporation for Housing as the equity syndicator. Fifth Third Bank will serve as the construction lender. The development also obtained substantial financial support from the city of Cincinnati, the Port of Greater Cincinnati Development Authority, and Cincinnati Children’s Hospital Medical Center.
Berardi + Partners is the project architect, and the general contractor is Gorsuch Construction. Fairfield Homes will also serve as the property management company.
Fairfield Homes specializes in the development, construction, and management of affordable housing. The firm’s portfolio also includes conventional multifamily and senior housing. The full-service management company is present in more than 113 communities with more than 4,700 units throughout Ohio and the Midwest.