5/3 CDC invests in more than 5,000 affordable housing units - WSFA.com: News Weather and Sports for Montgomery, AL.

Fifth Third CDC invests $100 million in Tri-State projects

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CINCINNATI, OH (FOX19) -

Several new affordable housing units in the Tri-State are thanks to the Fifth Third Bank Community Development Corporation (CDC).

Fifth Third CDC officials say investments have been made in projects to create affordable housing, revitalize historic districts and aid in community development. In a three-year period from January 2011 through December 2013, those investments will approach $100 million.

"Through collaboration with Greater Cincinnati's public, private and non-profit partners, and our neighbors, we are dedicated to creating opportunities for growth and enhancing the quality-of-life and well being for local residents. From the transformation of Washington Park and the revitalization of the historic Over-the-Rhine neighborhood to the renovation of the historic Elberon Building in Price Hill and Woodburn Pointe in Evanston, Fifth Third Bank and Fifth Third CDC are proud to partner in the renaissance of our home town," said Mike Michael, president and CEO of Fifth Third Bank.

Officials say within Fifth Third Bank's 'footprint', 105 projects have began the development of more than 5,000 affordable housing units in Cincinnati, Northern Kentucky, Dayton, Springfield and Lima, Ohio.

Fifth Third Bancorp is headquartered in Cincinnati.

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