Here is an update on affordable housing developments in Toledo for 2025:
The Grand and The Glen
These are two scattered-site affordable housing projects financed with a $15.5 million construction loan and other funding totaling approximately $28 million.
- The Glen consists of a 50-unit four-story building located at Southland Shopping Plaza.
- The Grand will have 20 townhomes near the corner of Detroit and Grand Avenues.
- These developments will offer a mix of one- and two-bedroom apartments and three- and four-bedroom townhomes targeting families with incomes between 50% and 70% of the area median income.
- Both locations are close to downtown Toledo, the University of Toledo Medical Center, major employers, and amenities, with a focus on energy efficiency and accessibility.
- The project aims to revitalize vacant lots and diversify housing options in the city.
Additional Developments with OHFA Support
Recent approvals from the Ohio Housing Finance Agency (OHFA) include financing for multiple affordable housing developments in the region. Examples relevant to Northwest Ohio/Toledo include:
- Green Oaks of Holland: 120 affordable assisted living units in Holland, Lucas County.
- Palmer Gardens Apartments: Rehabilitation of 75 affordable units for families in Toledo.
- Other developments include assisted living units in surrounding counties aimed at older Ohioans.
The OHFA program supports affordable housing construction and rehabilitation statewide through loans, tax credits, and other initiatives.
Toledo Housing and Community Development Efforts
The City of Toledo continues to prioritize affordable housing, housing repair, and neighborhood revitalization through various programs that target rehabilitation, low-income families, and accessible housing.
Market Context
Toledo’s housing market remains affordable by national standards with median home prices around $120,000 and strong demand for homes priced between $100,000 and $200,000. Urban development and economic recovery are driving demand for quality affordable housing. The city is also undertaking infrastructure improvements and waterfront redevelopment projects to enhance livability.
These ongoing projects and policies highlight Toledo’s commitment to expanding affordable, accessible, and family-friendly housing options for its residents in 2025.
Sources
(https://rejournals.com/keybank-community-development-provides-15-5-million-construction-loan-for-two-site-affordable-housing-project-in-toledo/)
(https://capstone72.com/urban-development-is-shaping-the-toledo-real-estate/)
(https://ohiohome.org/news/releases/2025/august-fundedprojects.aspx)
(https://cherrystreetmission.org/wp-content/uploads/2025/06/OHFA-Board-Approves-Financing-for-Mission-Point.pdf)
(https://www.lucasmha.org/affordable-housing)
