CINCINNATI — Buying a first home can be a challenge when potential buyers don’t have all the resources they need. But a new partnership is looking to knock down barriers and help people afford their dream homes.

What You Need To Know

  •  The Greater Cincinnati Port Authority has recently partnered with the Greater Cincinnati Realtist Association to help increase homeownership 

  •  It acquired 194 single-family homes from out-of-town investors 

  • Those homes will be marketed by GCRA to help increase homeownership for minorities and others 

The Greater Cincinnati Port Authority and the Greater Cincinnati Realtist Association have recently partnered together to increase home ownership for minorities. The latest data from the National Association of Realtors shows that the homeownership rate for Black Ohioans 36%. It is even lower in Cincinnati at 25%.

But through this new initiative, the Port acquired 194 single-family homes from out-of-town investors. The Realtist Association will market some of those homes hoping to help more minorities buy a house.

“Having this inventory that is specifically dedicated to starter homeowners, and homeowners who have the opportunity to buy a home based on their income, we believe that these products will help us make a little bit of help to increase that black homeownership rate,” said Darrick Dansby, Greater Cincinnati Realtist Association president.

Eight homes have already been listed for sale. The rest are expected to go on the market soon.

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