Middletown Redevelopment, Supporting Long-Term
Neighborhood Stability
MIDDLETOWN, Ohio — Butler Metropolitan Housing Authority (BMHA) has officially closed on the Middletown Phase III Rental Assistance Demonstration (RAD) redevelopment, advancing a $62.6 million reinvestment in 177 aging housing units in Middletown and marking another major step in the agency’s
long-term effort to modernize properties, address deferred capital needs, and support long-term neighborhood stability.
The closing took place Friday, May 29th at approximately 10:04 a.m. and represents the fifth of BMHA’s six RAD transactions. The redevelopment includes approximately $36 million in construction costs and will bring significant upgrades to units and infrastructure that have faced years of aging conditions and underinvestment.
Together, BMHA’s six RAD transactions are converting approximately 94 percent of the agency’s public housing portfolio, allowing the authority to make long-term investments in communities that otherwise would have continued to decline under the strain of limited federal resources and mounting capital needs.
“This closing represents a major reinvestment in Middletown and in the long-term stability of this community,” said Timothy L. Butler, President & CEO of BMHA. “Housing is essential infrastructure. When families have stable housing, they are better positioned to work, pursue education, raise their children, and move toward greater independence. That is why this investment matters. It allows us to modernize aging homes, strengthen neighborhoods, and better serve the families who live here.”
Middletown Phase III is part of BMHA’s broader strategy to address serious capital needs across its aging housing stock in a more comprehensive and responsible way. Key conditions driving the need for redevelopment included water infiltration, aging mechanical systems, inefficient heating equipment, lack of air conditioning, aging water heaters, and other major infrastructure issues tied to years of underinvestment.
The redevelopment will result in substantial upgrades to the homes, including new kitchens, new bathrooms, new plumbing, accessibility improvements, and other modernizations intended to significantly improve the resident experience and the long-term quality of the properties.
Importantly, resident feedback helped shape parts of the redevelopment plan, including the decision to include washer and dryer hookups.
BMHA will work to relocate residents as responsibly as possible throughout the redevelopment process, with a preference for keeping families on site or as close to their current neighborhood as feasible. Construction is expected to be completed by the end of 2027.
Once Hamilton Phase III closes, BMHA expects to have roughly 70 public housing units remaining outside of its RAD-converted portfolio.
BMHA also acknowledged the partners who helped make the closing possible, including TCG Development Advisors, LLC, Ohio Housing Finance Agency, R4 Capital, ORIX, and Piper Sandler.
The Middletown Phase III closing continues BMHA’s broader effort to reinvest in aging properties, improve living conditions for residents, and strengthen the long-term stability of neighborhoods across Butler County.
About Butler Metropolitan Housing Authority
Butler Metropolitan Housing Authority serves Butler County through housing programs and redevelopment efforts designed to preserve and improve housing, strengthen communities, and support residents and families. Through its ongoing RAD conversions and related redevelopment work, BMHA is making significant long-term investments in the future of housing across the county.
