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FUND PORTFOLIOS




Ohio Capital Corporation for Housing
Sheakley Center for Youth, Homeless Youth Housing Program – Cincinnati, Ohio

The Sheakley Center for Youth is the adaptive reuse of an existing warehouse into 39 units of permanent supportive housing in Cincinnati, Ohio. The Sheakley Center for Youth, developed by Model Property Development, Inc., and New Life Properties, Inc./Lighthouse Youth Services, employs a Housing First model to target homeless transition aged youth aged 18-24 who are living on the streets or in emergency shelter. The anticipated length of tenancy is 18 months, however no one will be evicted due to age. The goal is to transition the residents into more independent housing and life opportunities.

The Sheakley Center, managed by POAH Communities, is designed to create a single site where youth can enter from the streets for immediate stabilization through street outreach and resource center services, a safe and structured emergency shelter, and permanent housing. The building also houses Lighthouse Youth Services programming, services and administrative offices. Since 1969, Lighthouse Youth Services has developed a continuum of shelter, services and aftercare designed to provide skills to encourage responsibility and independence.

Sheakley Center for Youth was developed using Low Income Housing Tax Credits and an HDL Loan administered through the Ohio Housing Finance Agency. Funding sources include City of Cincinnati HOME funds, KeyBank financing, and Federal Home Loan Bank of Cincinnati funding. An equity investment of $6.3 million was provided by Ohio Capital Corporation for Housing.


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