Affordable Housing

Buckeye Community Hope Foundation has fulfilled its affordable housing development mission with the assistance of numerous partners-developers, builders, bankers and financing intermediaries, investors, federal, state and local government agencies and community groups. Critical to our success has been access to the largest federal program for affordable housing, the low-income housing tax credit program.

Here is a quick list of our accomplishments:

  • Including our first tax credit project awarded in 1993, Buckeye as a developer and/or general partner in project partnerships has been awarded competitive tax credits for 69 rental communities, including more than 2,700 units, with the majority in Ohio, ten projects in West Virginia, three in Kentucky and two in Indiana, one in Virginia, and four in South Carolina through a Buckeye affiliate.
  • As of spring 2013, 59 of these projects have been placed in service, eight are in construction and two are in pre-development.
  • Buckeye was also general partner and general contractor on three tax exempt bond/4% credit developments involving the rehabilitation of section 8 complexes in southwest Ohio.
  • Buckeye has also successfully utilized other programs, such as HOME, Housing Trust Fund, ARRA (Tax Credit Exchange and Tax Credit Assistance Program) and Neighborhood Stabilization Program (NSP) funding, with or without tax credits.
  • Buckeye even converted two subsidized rental housing communities to condos in its first years using the HOPE program, which is how “Hope” got into our name.

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