Chinedum Ndukwe Wins LIHTC Award for Cincinnati Development

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Chinedum Ndukwe and Kingsley and Company have received a 9% Low-Income Housing Tax Credit award for the 2828 May Street development in Cincinnati's Walnut Hills neighborhood, a mixed-income project co-developed with Socayr Inc.
CINCINNATI, OH - June 19, 2026 - Chinedum Ndukwe and Kingsley and Company received a 9% Low-Income Housing Tax Credit award for the 2828 May Street development in Cincinnati's Walnut Hills neighborhood, a mixed-income project co-developed with Louisville-based Socayr Inc. The firm will serve as builder on the project, marking another milestone in its continued expansion across Ohio through targeted development partnerships and community-centered redevelopment.

The 2828 May Street development [https://www.republicaneagle.com/news/chinedum-ndukwe-expands-housing-access-in-cincinnati/article_15a7e913-66d9-487d-b1fb-819283d212db.html] takes shape through a partnership that began after Kingsley and Company engaged Beacon Property Management, a Socayr Inc. affiliate, to assume management responsibilities for Victory Vistas. As the relationship between the firms developed, the partners identified an opportunity to collaborate on the May Street site after KCO reached its allocation limit for additional affordable housing transactions. Under the arrangement, Socayr Inc. will develop the affordable housing component of the site while KCO leads the workforce housing portion, creating a mixed-income structure developed in coordination with Walnut Hills neighborhood stakeholders and community representatives.

"This project reflects exactly how we view partnership at Kingsley and Company - when you take care of your partners, great things happen," said Chinedum Ndukwe [https://www.linkedin.com/in/chinedum-k-ndukwe-64baa320], owner of Kingsley and Company. "Our relationship with Socayr Inc. is another example of the momentum Kingsley and Company continues to build through strong collaboration, shared vision, and a commitment to delivering transformational projects that positively impact our communities."

The LIHTC award is part of a broader expansion underway at Kingsley and Company [https://www.kingsleyandcompany.com/who-we-are], which also includes the recently awarded Mercy on Main project in Columbus and the upcoming closing of Kinsey Lofts. The designation will help address the demand for affordable housing in Cincinnati while contributing to neighborhood reinvestment and economic activity in Walnut Hills. The firm's growth across Ohio reflects a deliberate approach: building durable partnerships alongside a pipeline of affordable and workforce housing developments that support long-term community benefit.

About Chinedum Ndukwe

Chinedum Ndukwe is the owner and founder of Kingsley and Company, a minority-owned real estate development and investment firm focused on affordable housing, workforce housing, and community revitalization throughout Ohio and the region. The firm pursues development opportunities through strategic co-development partnerships and a commitment to community-centered outcomes. Ndukwe is a University of Notre Dame graduate and former NFL player who completed executive education at Harvard Business School and the Wharton School of Business at the University of Pennsylvania.

For more information, visit Chinedum Ndukwe's website [https://www.chinedumndukwerealestate.com/].
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