OAQDA Issues $24 Million for Clean Air Improvements in Cincinnati Housing Project

FOR IMMEDIATE RELEASE
May 1, 2025

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OAQDA Issues $24 Million for Clean Air Improvements in Cincinnati Housing Project
Upgrades will lower utility costs for residents and revitalize an underutilized property

COLUMBUS - The Ohio Air Quality Development Authority (OAQDA) has issued $24 million in financing to support clean air improvements for 2443 Auburn LLC, a student housing development in Cincinnati's historic district. This urban infill project, led by Uptown Rental Properties, LLC, will introduce high-efficiency building upgrades designed to lower energy costs for residents while reducing emissions. Financial assistance is provided through OAQDA's Clean Air Improvement Program (CAIP).

"This project serves a growing need for workforce housing while also revitalizing an underutilized property within the Cincinnati community," said Christina O'Keeffe, executive director of OAQDA. "With OAQDA's financial support, the community will benefit from cleaner and more attainable housing options and tenants will benefit from reduced utilities from energy savings on operating costs."

Once the project is complete, it is estimated that utility bills at 2443 Auburn will be 50% lower than comparable buildings in the area.

The approved bond financing will support the installation of high-efficiency HVAC systems, heat pump domestic water heaters, LED lighting, and upgraded insulated roofs, walls and windows. These improvements will result in a 53.7% reduction in energy usage, significantly lowering operating costs that will benefit future tenants.

The project is expected to create two full-time positions and one part-time job as well as repurposing an underused property, further contributing to economic growth in the area.

"This project is helping improve Cincinnati's housing options while making clean air a priority," said Patrice Eby Burke, vice president of real estate development for 2443 Auburn LLC. "By incorporating clean air improvements, we're enhancing the long-term value of this property and supporting a healthier environment for the community. We appreciate OAQDA's partnership in making these upgrades possible."

"Investing in clean air improvements is an investment in the health and future of our communities," said Rep. Dani Isaacsohn (D-Cincinnati). "This project not only enhances housing options by increasing supply in Cincinnati but also prioritizes air quality, making it a better place to live and work. I appreciate OAQDA's commitment to supporting developments that improve the well-being of residents while strengthening our city's future."

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The Ohio Air Quality Development Authority (OAQDA)is a non-regulatory government agency working to position Ohio as a leader in harmonizing a strong economy and a healthy environment. Since its creation in 1970, OAQDA has worked to improve air quality by supporting businesses, creating jobs and improving communities while enhancing the health and safety of all Ohioans. To date, OAQDA has awarded more than $6 billion to finance air quality projects. For more information about OAQDA and its services, please visit ohioairquality.org.