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For Immediate Release
Contact: Lauren Doyle
Uptown Consortium Wins Fannie Mae AwardCINCINNATI – The Uptown Consortium has announced that is has been awarded a $10,000 grant from the Fannie Mae Foundation’s American Dream Fund. The grant, awarded through Fannie Mae’s Housing & Community Development Division (HCD), will be used to implement a marketing campaign to increase home ownership in Uptown Cincinnati. “We are pleased that the Fannie Mae Foundation has recognized the work we do and selected the Uptown Consortium as an awardee.” said Tony T. Brown, president and CEO of the Uptown Consortium. The funds from Fannie Mae couldn’t have come at a better time, according to Lajuana Miller, Neighborhood Services executive for the consortium. “The Uptown Consortium is knee-deep in developing new housing opportunities for people of all income levels in Uptown Cincinnati,” Miller said. “One of our greatest challenges, however, has been in making potential homeowners aware of the wonderful housing prospects that await them here. The Fannie Mae grant will help us to inform potential home buyers of everything that Uptown Cincinnati has to offer.” Over $400 million in mixed-use development projects – including housing, retail and office space – is currently underway in Uptown. Located just north of downtown, the region includes the neighborhoods of Avondale, Clifton, Clifton Heights, Corryville, Fairview, Mt. Auburn and University Heights. The Uptown Consortium (www.uptownconsortium.org) is a non-profit community development corporation dedicated to the human, social, economic and physical improvement of Uptown Cincinnati. The members of the Consortium are Cincinnati Children’s Hospital Medical Center, Cincinnati Zoo & Botanical Garden, The Health Alliance of Greater Cincinnati, TriHealth and the University of Cincinnati. The Consortium’s areas of focus are public safety, transportation, housing, economic development and integrated social services for neighborhood residents. Fannie Mae is a shareholder-owned company that works to ensure that mortgage loan funds are available for people in communities all across America. It does not lend directly to home buyers but works with lenders to increase the pool of funds available for mortgage loans. Fannie Mae has pledged through its American Dream Commitment to: expand access to homeownership for millions of first-time home buyers; help raise the minority homeownership rate to 55 percent; make homeownership and rental housing a success for millions of families at risk of losing their homes; and expand the supply of affordable housing where it is needed most. # # #
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