A proposal to change city's tax abatement process aims to boost affordable housing
WVXU: “A proposal at Cincinnati City Hall would proactively grant tax abatements to developers applying for federal Low-Income Housing Tax Credits (LIHTC)
…Council Member Reggie Harris says his ordinance would streamline the process and incentivize new development in two ways.
"One, it strengthens the developer's application so that the Ohio Financing Agency sees city commitment, sees city dollars, sees a stronger application — so we're more likely to get funded with the increased city support," Harris said. "And then two, it shortens the turnaround time for the building of those projects."“