Cincinnati Council members propose changes to tax abatement criteria

Three members of Cincinnati City Council are asking for more information on how the city grants tax incentives and whether the city should add requirements for affordable housing and environmental standards to those tax incentives, CityBeat reports. Council members Tamaya Dennard, Greg Landsman and Wendell Young introduced a motion in an effort to “both continue to incentivize development in Cincinnati while making sure people who live in the city’s neighborhoods benefit from it and aren’t displaced by changes coming to various communities” including rapidly developing Over-the-Rhine and others. Some specific changes to the city’s abatement policy “could include requiring LEED Gold or Platinum certification” as opposed to the currently required Silver, “and requiring residential developments seeking abatements to provide some units affordable to those with lower income levels.” For more, read the full article

Economic Development, Energy Efficiency, Environmental, Financial Incentives