May 22, 2025 – Toledo, OH – The Ohio Housing Finance Agency (OHFA) Board approved financing from various programs to support a proposed housing development in Toledo, Ohio. Mission Point is a collaborative effort of Lucas Housing Services Corporation (the non-profit affiliate of Lucas Metropolitan Housing) and Cherry Street Mission.

The proposed 4-story permanent supportive housing apartment building will be located in downtown Toledo and will offer supportive services that will help residents achieve housing stability and the opportunity to access tools and resources to build a path to independence. The building will have 65 one-bedroom apartments which will serve the chronically homeless in the Toledo area. LHSC and CSM are co-developers and will be co-owners of the building. Both entities will be ground leasing land to the project. LMH will be providing Project Based Rental Assistance to support operations. CSM will be providing wrap-round services for the tenants. The tenants will be identified by coordinated entry through the local Continuum of Care (CoC).

Mission Point will sit adjacent to CSM’s Life Revitalization Center (LRC.) The LRC provides services such as meals, career training and other assistance to help anyone in the community find stable housing.

The total development cost for the Mission Point project is projected to be approximately $20 million with the LIHTC funding providing approximately $15 million in tax credit equity, 75% of the needed funding for the project. Additional funding will be provided by the Federal Home Loan Bank, The City of Toledo, LISC (Local Initiatives Support Corporation), and Huntington Bank.

Ann Ebbert, CEO of Cherry Street Mission states, “When our founders, Jesse and Bertha Fleck, established Cherry Street Mission in 1947, they envisioned a place where individuals could find shelter, nourishment, and compassion. Today, thanks to their enduring vision, the strength of community collaboration, and our unwavering commitment to life-stabilizing solutions, we are honored to take the next step—moving beyond temporary shelter to also provide permanent housing for those we serve.”

“Lucas Metropolitan Housing is thrilled to receive this fantastic news. Our partnership with Cherry St. Mission and the critical support and guidance from OHFA’s staff and leadership will lead our region to a resurgence and commitment to serving some of the most vulnerable citizens. Moreover, and more specifically, the Mission Point project and future projects driven by high impact goals and objectives for our communities will have lasting positive effects.” said LMH CEO, Senghor Manns

For more information, read the full press release here.