A year after Ohio community development groups received $0 in New Market Tax Credits for the first time ever, the Cincinnati Center City Development Corp. is ready to declare the end of the funding drought.
"Two Cincinnati economic development agencies have received federal tax credits totaling more than $87 million," reports Tom Demoropolis.
"Cincinnati Development Fund and Cincinnati New Markets Fund, the private equity fund operated by Cincinnati Center City Development Corp. (3CDC), were awarded $42.35 million and $45 million, respectively, through the U.S. Treasury Department’s Community Financial Development Institution’s New Market Tax Credit program."
Last year, the state of Ohio received no New Markets Tax Credits for the first time ever. What a difference a year makes.
FULL STORY: 3CDC official: Funding 'drought' is over
Comeback Story: Cincinnati's Over-the-Rhine
A Cincinnati neighborhood once described by Reason magazine as "ground zero in inner-city decline" has recovered to the tune of $500 million in investments over the past decade.
Cincinnati ADU Legalization Slow to Catch On
Only four permits have been filed since the city made ‘granny flats’ legal last year.
Cincinnati Bike Share System To Relaunch May 13
The Red Bike system suspended operations in March, but has since raised funds through a private campaign to resume service.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
San Francisco's School District Spent $105M To Build Affordable Housing for Teachers — And That's Just the Beginning
SFUSD joins a growing list of school districts using their land holdings to address housing affordability challenges faced by their own employees.
The Tiny, Adorable $7,000 Car Turning Japan Onto EVs
The single seat Mibot charges from a regular plug as quickly as an iPad, and is about half the price of an average EV.
Trump Approves Futuristic Automated Texas-Mexico Cargo Corridor
The project could remove tens of thousands of commercial trucks from roadways.
Austin's First Single Stair Apartment Building is Officially Underway
Eliminating the requirement for two staircases in multi-story residential buildings lets developers use smaller lots and more flexible designs to create denser housing.
Atlanta Bus System Redesign Will Nearly Triple Access
MARTA's Next Gen Bus Network will retool over 100 bus routes, expand frequent service.
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