The area targeted surrounds the school and is bounded by Eighth Street, Seton Avenue, Liberty Street and Sunset Avenue. While details about how residents and home buyers can apply for the loans are still being finalized, there are few restrictions expected, other than that the home must be owner-occupied and improvements must be in keeping with the integrity of the community, said Tom Spegal, political coordinator with the Southwest Ohio Regional Council of Carpenters, one of the participating trade groups. The money will likely come from their various investment programs. The Cedar Grove project is a chance for the unions to invest in Cincinnati's neighborhoods and to bring about a positive change, Mr. Spegal said. He and other backers hope it will spur home ownership in the city and increase property values.
Organizers hope to begin working with residents by year's end.
There is no set number for how many residents can take part, Mr. Driehaus said. If the program is successful, though, the union may expand it to other neighborhoods. The Cincinnati Enquirer , a Gannett Co. Inc. newspaper.