Developers unveil $56M senior housing project for Hamilton County retirees

Norwood is set to see a significant investment in senior housing as the City Council discussed plans for a new 174-unit development during the Housing, Health & Public Safety Meeting on March 18, 2025. The project, which will consist of two four-story buildings, is designed specifically for residents aged 55 and older, aiming to provide a comfortable living environment for retirees in the community.

The proposed development represents a $56 million investment, with a focus on creating high-quality housing that meets the needs of seniors without being classified as deeply affordable. This means that while the units will be accessible, they will not fall under the lowest income brackets, targeting individuals with an average income of around $50,000 per year. Rent for the one-bedroom units is expected to range from $1,000 to $1,200, while two-bedroom units will be priced between $1,400 and $1,600.

City officials emphasized the importance of maintaining high standards for the project, noting that government involvement ensures quality construction and management. The development will include solar components to help reduce utility costs for residents, making it a more sustainable option for seniors on fixed incomes.

Concerns were raised during the meeting regarding the long-term management of the property and its potential impact on the surrounding neighborhood. Residents expressed worries about the possibility of the development falling into the hands of less responsible investors in the future. However, city representatives assured attendees that the government’s oversight would help maintain the property’s standards and prevent it from becoming a burden on the community.

The council also discussed the need for a balanced approach to housing in Norwood, recognizing that while there is a demand for affordable options, the focus of this project is to provide a viable living space for retirees who wish to remain in the area. The development aims to enhance the local community by offering a desirable living option for seniors, thereby contributing to the overall vitality of Norwood.

As the project moves forward, city officials are optimistic about its potential to positively impact the community, providing much-needed housing for seniors while ensuring that the development aligns with the city’s vision for growth and sustainability.