OhioNortheast Ohio / Summit CountyPop. 190,000

Real Estate Grant Programs in Akron, Ohio

Akron's former rubber industry left a distinctive industrial building stock — large-floor-plate brick factories and warehouses — that converts powerfully to mixed-use and residential uses with Ohio historic tax credits and brownfield remediation funding.

Grant Landscape in Akron

Akron's downtown and near-downtown contain historic industrial buildings eligible for Ohio and federal historic credits. The former rubber manufacturing corridor has generated multiple brownfield TIF and remediation projects. The Ohio Brownfield Remediation Program has funded Summit County projects, and JobsOhio Revitalization grants have supported Akron adaptive reuse. NMTC-eligible tracts cover Akron's urban core. OHFA allocates LIHTC to Summit County affordable housing, and the Summit County Land Bank provides brownfield-eligible properties. The Ohio TMUD Tax Credit applies to qualifying Akron mixed-use projects.

Key Funding Opportunities

1Former rubber factory corridor — historic industrial adaptive reuse
2Downtown Akron — NMTC, historic, JobsOhio
3Highland Square and North Hill — affordable housing, LIHTC
4Former B.F. Goodrich sites — major brownfield remediation
5South Akron neighborhoods — NMTC eligible, affordable housing

OPTIMAL STACK FOR AKRON

Akron's rubber factory conversions combine Ohio HTC (25%) + Federal HTC (20%) + Ohio Brownfield Remediation + NMTC — a four-program stack that has funded several high-profile Akron adaptive reuse projects.