Kingsley + Co., a minority-owned, mission driven real estate development company focused on affordable housing and community revitalization across Ohio, celebrated its role in the successful award of 9% Low-Income Housing Tax Credits (LIHTC) for the 2828 May Street development in Cincinnati —a mixed-income community in Cincinnati’s Walnut Hills neighborhood that KCO is co-developing with Louisville-based Socayr Inc.
The award represents another significant milestone in KCO’s continued growth strategy as the company expands its footprint through strategic partnerships and impactful redevelopment projects across Ohio and the region. KCO partnered alongside Socayr Inc. to help advance the Cincinnati development, further demonstrating the company’s commitment to collaborative, mission-driven development.
KCO will serve as the builder for the 2828 May Street development, further strengthening the company’s role in delivering transformative housing projects throughout the region. The partnership with Socayr Inc. originated through Beacon Property Management, a Socayr Inc. affiliate, after KCO engaged the firm to assume management responsibilities for Victory Vistas. As discussions evolved, KCO identified an opportunity to collaborate on the May Street site after reaching its allocation limit for additional affordable housing deals. Socayr Inc. will develop a portion of the site as affordable housing while KCO will lead development of the workforce housing component, creating the mixed-income approach shaped in partnership with Walnut Hills neighborhood stakeholders and community leadership.
“This project reflects exactly how we view partnership at Kingsley + Co. — when you take care of your partners, great things happen,” said Chinedum Ndukwe, owner of Kingsley + Co. “Our relationship with Socayr Inc. is another example of the momentum KCO continues to build through strong collaboration, shared vision, and a commitment to delivering transformational projects that positively impact our communities.”
The 2828 May Street development adds to a growing list of initiatives demonstrating KCO’s expansion strategy, including the recently awarded Mercy on Main in Columbus, the upcoming closing of Kinsey Lofts, and continued redevelopment and construction efforts throughout the region. The company’s growth reflects a deliberate focus on building long-term partnerships while delivering high-quality affordable housing and community-centered developments. The newly awarded LIHTC project will help address Cincinnati’s growing demand for affordable housing while contributing to broader neighborhood investment and economic growth.
“KCO’s evolution into new opportunities and markets is intentional,” said Ndukwe. “We are continuing to build a pipeline that aligns mission-driven development with strong partnerships, thoughtful redevelopment, and long-term community impact.”
