Clarendon Awarded Cincinnati Appraisal Contract
Clarendon has been selected by Cincinnati Metropolitan Housing Authority (CMHA) to provide comprehensive real estate appraisal services for residential and commercial properties throughout Hamilton County, Ohio.
CMHA's portfolio spans approximately 4,900 public housing units, including 1,617 high-rise units, 1,875 family development units, and 1,221 scattered site properties, alongside 113 affordable housing developments. Clarendon will provide appraisal services for properties being considered for RAD conversion under HUD guidelines, as well as future development opportunities involving vacant land, improved land, and commercial buildings.
The Cincinnati Multifamily Market
Cincinnati represents a mature, diversified multifamily market serving as the anchor for the broader Ohio-Kentucky-Indiana metropolitan region. The Cincinnati metropolitan area encompasses approximately 2.3 million residents across a three-state region, with the core Hamilton County market benefiting from stable economic fundamentals anchored by healthcare, education, financial services, and Fortune 500 corporate headquarters.
The Greater Cincinnati multifamily market comprises approximately 180,000 rental units organized across distinct urban, suburban, and urban-peripheral submarkets. The market exhibits a balanced composition between urban core properties concentrated in Downtown, Over-the-Rhine, and neighboring walkable districts, and established suburban nodes in Mason, West Chester, and Blue Ash. Property quality distribution reflects both the market's historic urban fabric and recent development activity, with steady absorption supporting both value-add repositioning opportunities and new Class A development.
Recent development activity has focused on urban infill sites and suburban mixed-use centers, with approximately 2,500-3,000 units delivered annually over the past several years. The market has demonstrated resilient fundamentals through economic cycles, supported by stable employment, relatively affordable housing costs compared to peer markets, and consistent in-migration from higher-cost Midwest metropolitan areas.
Clarendon offers a full range of affordable housing valuation and compliance services including:
Appraisal
Market Studies (HUD Section 8 Rent Comparability Studies, LIHTC)
Development Support & Feasibility Analysis
Brokerage
Inspection
Facility Support
To learn more about Clarendon's services, please click here.
ABOUT THE CINCINNATI METROPOLITAN HOUSING AUTHORITY
Cincinnati Metropolitan Housing Authority (CMHA), founded in 1933, serves as one of Ohio's largest public housing authorities, providing affordable housing solutions to thousands of families across Hamilton County. The Authority's comprehensive portfolio includes approximately 4,900 public housing units comprising high-rise developments, family properties, and scattered site homes, alongside 113 affordable housing developments including 47 single-family homes.
CMHA administers multiple funding programs including conventional public housing subsidized by the U.S. Department of Housing and Urban Development (HUD), Housing Choice Voucher programs, and mixed-finance development initiatives utilizing RAD, LIHTC, FHA, and Federal Home Loan Bank financing. The Authority's Asset Management division oversees this diverse portfolio while pursuing strategic property development and preservation opportunities throughout the greater Cincinnati region.
ABOUT CLARENDON
Clarendon, headquartered in Cleveland, Ohio, is a trusted partner for government compliance and advisory solutions, serving local, state and federal agencies and property owners nationwide. Clarendon specializes in HUD-compliant services, including Appraisal, Brokerage, Inspection, Facility Support and Advisory.
