Advancing Affordable Homeownership in Toledo
The City of Toledo Department of Housing and Community Development is launching a new initiative designed to support the creation of affordable homes for ownership through strategic development partnerships.
The Utilizing Progressive Leveraged Investments to Finance Transformation (UPLIFT) Program is a forthcoming DHCD program that will provide project-based subsidies to eligible developers working within Toledo's Neighborhood Revitalization Strategy Areas (NRSA).
UPLIFT is for developers who are building in Toledo but may be facing financial gaps that limit project feasibility or growth. The program can help with:
- bridge funding gaps that make projects difficult to complete
- increase housing production in targeted neighborhoods
- support developers expanding into inner-city markets
- improve overall project feasibility through targeted subsidies
By leveraging public investment to support private development, UPLIFT aims to increase the supply of affordable homeownership opportunities and strengthen neighborhoods across the city.