Downtown Housing Initiative
The DOWNTOWN Housing Initiative has been and will continue to be a key component to the success of the Greater Downtown Dayton area. As our main street struggles to hold on or attract new tenants we must begin to look at alternative solutions for our historic and mid-century buildings. We must capitalize on our unique offering of the arts, professional sports, higher education, while embracing our centralized location and the built environment. The bull dozer is not the answer, creativity is.
The City of Dayton has recognized the challenges and has invested and committed to continue to invest in tomorrow’s Dayton. CityWide is leading the charge through the downtown housing initiative. We are assembling information, finding and creating new sources of funding, identifying current market conditions, addressing the steps necessary to strengthen the market place and provide direction to bring projects to fruition. Our goal is to bring to market 2500 new housing units by 2020.
Two important points to understand about our role is in this redevelopment effort.
“It’s not about buildings, it’s about PLACE”
We are not developing housing, we are developing a stronger MARKET PLACE for housing!!!
DOWNTOWN HOUSING CHARGE:
• INCREASE THE OF HOUSING UNITS IN THE GREATER DOWNTOWN DAYTON AREA.
• 2500 ADDITIONAL HOUSING UNITS BY 2020.
• FOCUS ON VACANT BUILDINGS THAT LINE MAIN STREET.
Money: Equity, Sub Deb Funds, Incentive Districts
Market: Rent, Absorption, Occupancy, Uniqueness
Momentum: Vibrancy, Developer Interest, Projects