File #: 202200196    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 1/28/2022 In control: Cincinnati City Council
On agenda: 2/2/2022 Final action: 2/2/2022
ORD/RES# date: 2/2/2022 ORD/RES#: 0024-2022
Title: ORDINANCE (EMERGENCY) dated 01/28/2022, submitted by Andrew W. Garth, City Solicitor, AMENDING Ordinance No. 275-2017, as previously amended by Ordinance Nos. 339-2018 and 370-2020, regarding the commercial policies of Community Reinvestment Area real property tax exemptions, to (i) set a policy by which City Council authorizes the City Administration to approve the maximum Community Reinvestment Area real property tax exemption for projects awarded Low-Income Housing Tax Credits by the Housing Finance Agency without further approval by City Council; and (ii) clarify the eligible length of real property tax exemptions for commercial projects of historical or architectural significance in downtown Cincinnati.
Sponsors: Reggie Harris
Attachments: 1. Transmittal, 2. Ordinance, 3. Exhibit C, 4. 24-2022, 5. 24-2022 T

title

ORDINANCE (EMERGENCY) dated 01/28/2022, submitted by Andrew W. Garth, City Solicitor, AMENDING Ordinance No. 275-2017, as previously amended by Ordinance Nos. 339-2018 and 370-2020, regarding the commercial policies of Community Reinvestment Area real property tax exemptions, to (i) set a policy by which City Council authorizes the City Administration to approve the maximum Community Reinvestment Area real property tax exemption for projects awarded Low-Income Housing Tax Credits by the Housing Finance Agency without further approval by City Council; and (ii) clarify the eligible length of real property tax exemptions for commercial projects of historical or architectural significance in downtown Cincinnati.

recommendation

PASS EMERGENCY