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The Housing & Growth Committee recommended passage of four Community Reinvestment Area tax-exemption ordinances, including a 12-year, 100% exemption for improvements tied to converting 7 W. Court Street into 19 rental units and about 7,300 square feet of commercial space. The project lists an estimated construction cost of approximately $1.92 million.
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The committee sent four tax-exemption proposals to Cincinnati City Council for consideration; the exemptions have not been described as final approval in the minutes. Three proposals would extend existing 100% improvement-value exemptions for 10 years. The fourth would provide a 12-year exemption for a project expected to add 19 residential rental units and commercial space.
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