Changes to Columbus tax incentives would promote mixed-income housing development

City officials in Columbus want to change tax incentives “to encourage mixed-income housing development in fast-growing neighborhoods such as the Short North,” Columbus Business First reports. Current property tax incentives “treat the Short North the same as disinvested areas such as Linden — exacerbating disparities,” according to the article. The proposed changes would require developers seeking property tax abatements for “mid-rise multifamily housing in market-ready areas” to “make a portion of units affordable for those at and below Columbus’ median income.” City Development Director Steve Schoeny said economically diverse neighborhoods “are healthier.” Councilwoman Elizabeth Brown said, “[i]f we’re getting people living and working in nearby neighborhoods, then there isn’t an emptying out of the city after 5 p.m.” For more, read the full article

Financial Incentives, Regional Updates, State Updates