FHLB Celebrates Ribbon Cutting of John Arthur Flats
John Arthur Flats, a new affordable senior housing development, is now open with help from FHLB Cincinnati’s Affordable Housing Program. FHLB member Fifth Third Bank and project sponsor Pennrose were awarded a $523,772 grant to help construct the 57-unit apartment building located in Cincinnati’s Northside neighborhood.
The development is the first-ever designated LGBTQ-friendly senior housing development in Cincinnati. Located on Apple Street, it is named after the late John Montgomery Arthur, a Cincinnati native and husband of John Obergefel, the plaintiff in the Supreme Court case that legalized same-sex marriage nationwide.
Residents can enjoy access to an outdoor terrace, fitness center, community center, parking and laundry facilities. On-site supportive services provided by Pennrose Management Company, Equites Health and Caracole, Cincinnati’s nonprofit AIDS Service Organization, are also available. All units are priced to be affordable to households earning between 30-60% of the area’s median income.
The development opened with a ribbon-cutting ceremony on October 13. Dawn Grace, Vice President of Housing & Community Investment at FHLB Cincinnati, spoke on FHLB's role in the development. Additional speakers included Guy Ford, Director of Legislative Affairs at Ohio Housing Finance Agency; Royce Sutton, Senior VP, Ohio Community and Economic Development Market Manager at Fifth Third Bank; Jim Obergefell, spouse of John Arthur; and Timothy I. Henkel, Principal and President at Pennrose.
