City of Cincinnati - File #: 202102540

• File #: 202102540
• Version: 1
• Type: Ordinance
• Status: Passed Emergency
• File created: 7/30/2021
• In control: Cincinnati City Council
• On agenda: 8/4/2021
• Final action: 8/4/2021
• ORD/RES# date: 8/4/2021
• ORD/RES#: 0317-2021
• Title: ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 8/2/2021, AUTHORIZING the establishment of new capital improvement program project account no. 980x162x221645, "OTR Affordable Housing FHAct50 - TIF," for the purpose of providing resources for Logan Commons and Willkommen II, two affordable Low-Income Housing Tax Credit housing developments located in Over-the-Rhine; AUTHORIZING the transfer and appropriation of $2,350,000 from the unappropriated surplus of Downtown/OTR West Equivalent Fund 482 to newly established capital improvement program project account no. 980x162x221645, "OTR Affordable Housing FHAct50 - TIF," to provide resources for construction and development costs associated with the Logan Commons and Willkommen II housing developments; and further DECLARING that expenditures from capital improvement program project account no. 980x162x221645, "OTR Affordable Housing FHAct50 - TIF," will serve a public purpose because the project will create addition...
• Sponsors: City Manager

Date	Ver.	Action By	Action	Result
8/4/2021	1	Cincinnati City Council	Passed Emergency	Pass
8/4/2021	1	Cincinnati City Council	Emergency clause to remain	Pass
8/4/2021	1	Cincinnati City Council	Suspension of the three readings	Pass
8/2/2021	1	Budget and Finance Committee

title

ORDINANCE (EMERGENCY) submitted by Paula Boggs Muething, City Manager, on 8/2/2021, AUTHORIZING the establishment of new capital improvement program project account no. 980x162x221645, “OTR Affordable Housing FHAct50 - TIF,” for the purpose of providing resources for Logan Commons and Willkommen II, two affordable Low-Income Housing Tax Credit housing developments located in Over-the-Rhine; AUTHORIZING the transfer and appropriation of $2,350,000 from the unappropriated surplus of Downtown/OTR West Equivalent Fund 482 to newly established capital improvement program project account no. 980x162x221645, “OTR Affordable Housing FHAct50 - TIF,” to provide resources for construction and development costs associated with the Logan Commons and Willkommen II housing developments; and further DECLARING that expenditures from capital improvement program project account no. 980x162x221645, “OTR Affordable Housing FHAct50 - TIF,” will serve a public purpose because the project will create additional affordable housing in the Over-the-Rhine neighborhood.

recommendation

PASS EMERGENCY