News & Event
Greater Cincinnati Foundation (GCF) and Cincinnati Development Fund (CDF) are pleased to announce a partnership to address our region’s critical need for affordable housing. The goal is to raise and deploy $5 million over the next five years to support affordable housing development projects throughout GCF’s tri-state, eight-county region.
CINCINNATI (May 14, 2020) — Greater Cincinnati Foundation (GCF) and Cincinnati Development Fund (CDF) are pleased to announce a partnership to address our region’s critical need for affordable housing. The goal is to raise and deploy $5 million over the next five years to support affordable housing development projects throughout GCF’s tri-state, eight-county region.
GCF has made an initial investment of $1 million, and GCF’s Affordable Housing Impact Investment Pool (AHIIP) will provide the loan capital for acquisition, predevelopment, renovation and construction of affordable housing in the Greater Cincinnati metro area.
“CDF is grateful for our long-term partnership with GCF,” said Jeanne Golliher, CDF President & CEO. “This new $1 million investment to launch our Affordable Housing Loan Fund is symbolic of GCF’s community leadership on important issues. We value their ongoing confidence in CDF to positively impact the Greater Cincinnati/Northern Kentucky community with our lending to developers.”
As a result of the partnership and its strong track record of community development financing, CDF was recently awarded a $900,000 competitive, Capital Magnet Fund grant from the U.S. Department of Treasury.
“GCF is pleased that our AHIIP investment partnership – thanks to the generosity of our donors – will enable CDF to leverage this federal grant to support the development of high-quality affordable housing,” said Ellen M. Katz, GCF President and CEO. “This will make a difference for low-income families, and we invite the community to invest with us in creating a more equitable region where everyone can thrive.”
While the need for safe, affordable housing in our community isn’t new, the coronavirus pandemic has sparked even greater urgency. COVID-19 is disproportionately impacting the physical and financial health of our African American neighbors and other people of color, bringing already critical housing disparities to a tipping point. A 2017 housing study conducted by the Community Building Institute and commissioned by the Local Initiatives Support Corporation (LISC) of Greater Cincinnati and Northern Kentucky documented the need for an additional 40,000 units just in Hamilton County for families with incomes of $15,000 or less.
One of the first AHIIP-financed projects involves the renovation of two historic buildings in the 1700 block of Vine Street in Over-the-Rhine. “8K Development values inclusion and affordability in its real estate projects and strives to preserve and promote mixed-income communities,” said Michael Chewning, Partner, 8K Development. “Because of CDF’s flexible and competitive loan structure through the AHIIP, we are able to reserve six of the 10 residential units for individuals and families who are making less than 80 percent of the Area Median Income.”
For more information about investing with AHIIP, contact Robert Killins at GCF at 513-768-6151. Developers interested in applying for financing for affordable housing projects can contact CDF Loan Officer Mo Adlon at 513-977-7294.
About Cincinnati Development Fund
Cincinnati Development Fund (CDF) is a 501(c)(3) nonprofit lending institution that fills gaps not covered by traditional lenders. CDF provides funding for real estate development in under-served markets in the Greater Cincinnati area. Established in 1988, CDF works with financial institutions, community and government leaders and borrowers to support neighborhood revitalization. With high-quality management, sound loan servicing and asset management capacity, CDF has earned investor confidence and sustained high-impact lending that is responsive to community needs.
About Greater Cincinnati Foundation
As the region’s leading community foundation, Greater Cincinnati Foundation connects people with purpose in an eight-county region in Ohio, Kentucky and Indiana. GCF is leading the charge toward a more vibrant Greater Cincinnati for everyone – now, and for generations to come.
CINCINNATI (August 14, 2017) —The Greenlight Fund, in partnership with The Greater Cincinnati Foundation, announced today a multi-million-dollar initiative to fight family poverty in our region. Together, they are investing $2.4 million to bring the Family Independence Initiative—and its innovative model of trusting and investing in family solutions—to Cincinnati and Northern Kentucky. This includes a $1.8 million grant from The Greater Cincinnati Foundation and its donors, the single largest grant in the history of the Foundation.
“We know that thousands of families are struggling with poverty, and we need to rethink how we invest in families and their upward mobility,” said Tara Noland, Executive Director of GreenLight Cincinnati. “We are excited to have the Family Independence Initiative bring their model to our region and learn from their data on what Cincinnati families in our community need to escape poverty.”
“As our region’s community foundation, our role is to create a community where everyone can thrive,” said Ellen M. Katz, president and CEO of The Greater Cincinnati Foundation. “Our region is literally bursting with new energy and progress, yet we still have many in need. GCF and its donors are seeking new and innovative programs to help families in Greater Cincinnati and Northern Kentucky who have yet to benefit from that progress. FII is one such program and we’re excited to ensure we can rapidly deploy FII in our community.”
Founded in 2001, The Family Independence Initiative brings a new approach to fighting poverty by trusting and investing directly in low-income families across the nation so they can work individually and collectively to achieve prosperity. Families that partner with FII set goals they want to achieve, such as purchasing a home or continuing their education, and work together to help each other meet those goals. FII provides them with the technology platform to track their progress and then gives them access to resources, including cash, to accelerate the solutions that they’ve discovered themselves.
With sites in seven cities across the country, FII has partnered with more than 2,000 families investing in their solutions to escaping poverty. On average, during two years of engagement with FII, families report: a 23 percent increase in monthly income, 60 percent decrease in subsidies such as TANF and SNAP, a doubling of their annual income and assets, and increased education outcomes from their children.
Over the next four years, FII will work with community based organizations and other partners to reach 500 families in multiple neighborhoods across Cincinnati. They will be convening a launch team to help identify the neighborhoods they should focus on as well as families they should recruit.
“All families across America should have access to the resources and opportunities needed to achieve their dreams and we look forward to doing just that right here in the region,” said Jesús Gerena, Chief Executive Officer of The Family Independence Initiative. “While our initial goal is to reach 500 families, we hope to find more partners to double or triple that goal. Cincinnati benefits when all its families are economically thriving.”
In addition to the multi-year investment made by the Greenlight Fund and The Greater Cincinnati Foundation, FII’s expansion to Cincinnati is also supported by contributions from The Mayerson Foundation and SC Ministry.
Learn more about GCF's investment in the Family Independence Initiative
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The GreenLight Fund transforms the lives of children, youth and families in high-poverty urban areas by creating local infrastructure and a consistent annual process to: identify critical needs; import innovative, entrepreneurial programs that have a significant, measurable impact; and galvanize local support to help programs reach and sustain impact in the new city. Working in Boston since 2003, Philadelphia and the San Francisco Bay Area since 2012, Cincinnati since 2015 and most recently Charlotte in 2017, GreenLight aims to grow a national network of GreenLight sites that learn and work collaboratively to find and spread proven nonprofit solutions that achieve meaningful and measurable impact in our communities on the issues that matter most. Founding investors in GreenLight Cincinnati include the Deaconess Associations Foundation, Bethesda Inc., the Cincinnati Regional Business Committee, Interact for Health, Procter and Gamble, United Way of Greater Cincinnati, Cincinnati Children’s, Duke Energy Foundation, the Cincinnati Business Committee, Bank of America and a number of individual investors.
One of the nation’s leading community foundations, The Greater Cincinnati Foundation helps people make the most of their giving to build a better community. We believe in the power of philanthropy to change the lives of people and communities. As an accredited community foundation, GCF creates a prosperous Greater Cincinnati by investing in thriving people and vibrant places. An effective steward of the community’s charitable resources since 1963, the Foundation inspires philanthropy in eight counties in Ohio, Kentucky, and Indiana. At the end of 2016, GCF had net assets of $563 million.
Greater Cincinnati Foundation (GCF), in partnership with the Cincinnati Enquirer, is pleased to announce the 2018 Women of the Year:
Judith Harmony is the first female faculty member of Indiana University’s chemistry department. She was instrumental in the development of The Women’s Fund of Greater Cincinnati Foundation’s first PULSE study in 2004. Harmony founded the Harmony Garden, an education center that strives to bring communities together to promote the health of young girls from underserved and disadvantaged communities.
Maria Ahmed Munir is the inaugural co-chair of the Festival of Faiths, a day of inclusion, education, understanding and building community. She established a scholarship fund at International Academy of Cincinnati for deserving students to get financial assistance. Munir was the first female PTO president at International Academy of Cincinnati and is a board member of the Islamic Center of Greater Cincinnati.
Nancy Eigel-Miller has dedicated her life to erasing the stigma of mental illness by founding 1N5, an organization that increases awareness and education about mental health. Through 1N5, she created the Brain Health Network as a braintrust around the successes and challenges of mental health programs. Eigel-Miller also created the first Youth Mental Health Innovation Challenge at the University of Cincinnati, a two-day workshop fostering a unique learning experience and professional development opportunity for high school students.
Kelly Dolan founded Thrive Impact Sourcing with the sole intent of bringing Cincinnati out of un/underemployment and into IT careers. Thrive is a business incubator dedicated to creating opportunity for diverse individuals to enter the IT industry, notorious for its lack of diversity. Dolan also founded Ingage Partners, Cincinnati’s first Certified B Corporation. She is an involved volunteer with Freeset USA, which sells clothes and bags made by women in India who were formerly working in the sex trade industry.
Mary Burke Rivers has been the executive director of Over the Rhine Community Housing since 1993, where she has excelled in creating and advocating for equitable access to housing for the past 25 years. She is a board member of The Finance Fund, Community Development Association of Greater Cincinnati, Affordable Housing Advocates, Coalition on Housing and Homelessness in Ohio.
Alandes Powell is the chair of the Urban League of Greater Southwestern Ohio, where she has served as a board member and volunteer for eight years. She has been a board member of the YWCA of Greater Cincinnati since 2014 and was a YWCA Cincinnati Career Woman of Achievement recipient in 2013. Powell is a graduate of Leadership Cincinnati Class 41 and Leadership Northern Kentucky. As Senior Vice President, Operations & Relationship Director of Citi Retail Services, she has also served as a mentor to colleagues and received the Citigroup Chairman’s Leadership Award in 2007. Powell is a board member of the Brighton Center and serves on the Elder Board of the Inspirational Baptist Church.
Mary Welsh Schlueter is the founr and CEO of Partnership for Innovation in Education, in partnership with Harvard University, which focuses on elevating student academic achievement, workforce readiness and experiential learning pathways in emerging careers. She is on the Harvard Business School Board of Directors (Ohio) and the Allegheny College, Alumni Board of Directors and teaching staff. Schlueter is an awardee of the Direct Energy Citizen of the Year, USA Chamber of Commerce WE Empowerment & New Business, Deloitte & Touche “100 Wise Women,” National Diversity Council Leadership Excellence, Venue Magazine Civic Leadership and STEM Difference Maker (Duke Energy).
Maureen France is a member of the West McMicken Improvement Association and was instrumental in re-opening the long-closed Warner Street steps leading to Fairview Park. She also has helped replace dilapidated playground equipment in the community. France was a key leader in the prevention of the destruction of part of her neighborhood during the reconstruction of I-75. She has used her photography, in collaboration with the Cincinnati Preservation Association and the Hillside Trust, to present ODOT and City Council with a book showing the vibrancy and closeness of her neighborhood.
Tillie Hidalgo Lima is a co-chair of the YMCA Academy of Career Women of Achievement. She was named Hispanic Woman of the Year in 2010 by the Ohio Hispanic Chamber of Commerce and the Distinguished Hispanic Ohioan in 2015 by the Ohio Commission on Hispanic-Latino Affairs and the Latino Empowerment Outreach Network. Her current board memberships include: United Way of Greater Cincinnati Board of Directors and Executive Committee, St. Elizabeth Healthcare Board of Trustees, Child Poverty Steering Committee and Cincinnati Women Executive Forum. Lima has been the CEO of Best Upon Request since 2003, where she co-created a groundbreaking new service, Maternity Concierge, to help new working mothers balance their quality of life.
Chandra Mathews-Smith is the chair of the Community Action Agency board. Dedicated to the improvement of the foster care system, she led the initiative to design the Hamilton County Department of Jobs and Family Services Emergency Therapeutic Foster Care Program, which served as the emergency shelter provider for some of the county’s most difficult-to-serve children and adolescents. Mathews-Smith worked with Cincinnati Public Schools to institute their Ujima program, which provided wraparound and day treatment services for CPS students with the special education designation of Severely Behaviorally Handicapped.
The Women of the Year award is given to 10 women in the community who have dedicated their lives to giving back. This award is among the oldest and most significant honors one can receive in Greater Cincinnati.
“These exceptional women are the embodiment of dedication, community service and compassion for their fellow citizens,” said Ellen M. Katz, GCF President/CEO. “We look forward to sharing their inspirational stories, but even more so, we look forward to watching our community prosper due to their passion and drive.”
The honorees will be recognized at the 50th annual Women of the Year Awards Luncheon from 11:30 a.m. – 1:30 p.m., Friday, October 26, 2018, at the Hyatt Regency Cincinnati. To purchase tickets to the luncheon or learn about sponsorship opportunities, visit www.gcfdn.org/woy.
A place to call home. It’s a simple dream, but one that for all too many of our neighbors is a financial hardship. Affordable housing is a critical issue in our region, and Greater Cincinnati Foundation (GCF) is committed to addressing it as we move into 2019 and beyond.
“Affordable” is defined as not paying more than 30 percent of one’s income for housing.
While median gross rent has increased 46 percent from 2000 to 2014, income has only increased 19 percent during that period. The result is that 30 percent of Hamilton County residents spend 50 to 60 percent of their income on housing, or nearly double the “affordable” range. There is a critical need for 40,000 affordable rental units for households making $14,678 or less, which is 30 percent of Hamilton County’s median income. Read Xavier University’s Community Building Institute report for further information about housing affordability issues in Cincinnati.
GCF is launching a new Affordable Housing Impact Investment Pool (AHIIP) early in 2019 to help bridge that daunting housing gap. We are contributing $1 million to our $5 million goal for this pool, and invite you to invest along with us to amplify its impact.
Details of the investment opportunity:
AHIIP projects will focus on the development of a range of affordable housing options throughout GCF’s eight-county region, encompassing Ohio, Kentucky and Indiana. Anticipated investments will include affordable rental units, home ownership units and such equity-building initiatives as Dividend Housing and Renter Equity.
GCF is offering you this opportunity to join us in this new venture to expand the imprint of various projects addressing this compelling community issue. We will likely determine the initial investments in the first quarter of 2019.
GCF has been a trusted community partner for 55 years, and we know that access to affordable housing is key to lifting people out of poverty. Housing instability impacts the health, work and education of families, and we believe that addressing this need will help to build a better community for all of us.
To become a partner in this transformative work, please contact your GCF philanthropic advisor.
CINCINNATI (January 31, 2018)—The Greater Cincinnati Foundation (GCF) has provided $25,000 in funding to support The Cincinnati Project, a community-engaged research initiative at the University of Cincinnati (UC). The funding will go to support projects that offer clear and direct benefit to women of color in Cincinnati.
“As GCF goes deeper on the complex issues of equity, we are intentionally investing in projects that support women of color in our community,” said Ellen M. Katz, president/CEO of the Greater Cincinnati Foundation. “By partnering with The Cincinnati Project, we can support the many innovative projects they are tackling, and we are inspired by what they are doing.”
The Cincinnati Project was launched in 2013 by faculty researchers in UC’s College of Arts and Sciences. More than 12 University of Cincinnati faculty and students from their classes will be involved in these upcoming projects.
Funding will support:
“We are thrilled to partner with the Greater Cincinnati Foundation,” said Dr. Jennifer Malat, UC College of Arts and Sciences Associate Dean of Social Sciences and co-founder of The Cincinnati Project. “With their support, and the continued support and collaboration of our other community partners, The Cincinnati Project will raise the voices of women of color and collaborate to recommend policies that will improve lives.”
“The support from the Greater Cincinnati Foundation is an important validation of the work that The Cincinnati Project has been doing for the last several years” said Dr. Ken Petren, Dean of the UC College of Arts and Sciences, “I’m confident that this partnership will not only help improve the lives of women in color in Cincinnati, but also provide hope and assistance to our other partners and organizations who are working for equity in Cincinnati.”
One of the nation’s leading community foundations, the Greater Cincinnati Foundation helps people make the most of their giving to build a better community. We believe in the power of philanthropy to change the lives of people and communities. As a community foundation, GCF creates a prosperous Greater Cincinnati by investing in thriving people and vibrant places. An effective steward of the community’s charitable resources since 1963, the Foundation inspires philanthropy in eight counties in Ohio, Kentucky, and Indiana. At the end of 2016, GCF had net assets of $563 million.
The David C. Herriman Fund of Greater Cincinnati Foundation (GCF) has granted its 2019 awards to two regional arts organizations, Know Theatre of Cincinnati and Revolution Dance Theatre.
The grants, the first for the fund, will be awarded annually to arts organizations in the eight-county GCF funding region — Butler, Clermont, Hamilton and Warren counties in Ohio; Boone, Campbell and Kenton counties in Kentucky; and Dearborn County in Indiana.
They honor the legacy of the late Northern Kentucky philanthropist and arts patron David C. Herriman, who established the fund for the purpose of “making possible what would otherwise be impossible” for both large and small arts organizations. The awards will particularly focus on new works, the education of youth and performance enhancement through funding to bring in performance artists, directors, choreographers, authors, musicians and other creative artists.
“We are thrilled that David’s immeasurable passion for the advancement of the arts in his adopted hometown lives on in such impactful ways,” said Ellen M. Katz, GCF President/CEO. “We are honored to help ensure that his vision will be preserved for generations to come.”
Know Theatre of Cincinnati will receive $30,000 to fund its “Welcoming New Voices to the Know” guest residency program for artists of color during its 2019-2020 MainStage season. The Over-the-Rhine theater will conduct a search for up to four guest directors and/or designers of color from New York and Chicago to provide fresh perspectives to their audiences and shadowing/mentee opportunities to local artists. Know Theatre is recognized as a “theatrical playground where all are welcome,” amplifying under-represented voices and presenting inclusive productions.
Revolution Dance Theatre (RDT) will receive $10,000 to fund its Ballet on the BLOC collaboration with BLOC Ministries to bring high-quality arts experiences and classical dance access to the Lower Price Hill community. The funds will be used to cover professional fees for residencies at Oyler Elementary School and the neighborhood Q-Kidz Dance Team, as well as an extended residency with instructor KaRon Brown-Lehman, monthly events for intermediate and advance level dancers and a performance at Aronoff Center for the Arts. RDT is dedicated to “breaking barriers between the ballet art form and people of color” by bringing dance classes and resources to under-represented communities and producing works that celebrate diversity.
The anonymous committee that considered the funding requests includes a member of the arts community, a faculty member of a local university or college and a person representing a county of GCF’s funding region, a position which will rotate each year between the eight counties.
“Our committee was pleased and proud to review many excellent applications,” said a committee member. “The process underscored the depth and strength of the arts community in which we live and work. David’s goal of ‘making possible the impossible’ most clearly resonated in the grants to Know Theatre and Revolution Dance Theatre. We encourage all to attend their grant-winning performances to enjoy the impact of a most cherished friend and philanthropist, David Herriman.”
The David C. Herriman Fund of Greater Cincinnati Foundation will award up to three grants — one large, and one or two smaller — totaling $220,000 in 2019. GCF will publish a Request for Proposals (RFP) for the next funding cycle in April. Proposals will be due on October 1.
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