Proposed Use of TIF funds for 3104 Warsaw Ave
Background
This project is being developed by Price Hill Will who has experience completing various projects such as 76 residential structures through their Buy-Improve-Sell program, 50 residential rental units, 20 homes in their Homestead program, 7 commercial spaces and some large-scale projects such as Elberon and Creative Warsaw Campus. Price Hill Will is connected to the East Price Hill community and considers this project the second phase of the Warsaw Creative Campus project which the community is aware and supportive of.
The applicant is requesting up to up to $350,000 in direct financial assistance from the East Price Hill tax increment fund (TIF). It is proposed that approximately $148,000 come from the affordable set-a-side and the balance of the $350,000 come from the base TIF to be used to help finance construction costs of the residential units. An additional $25,000 will be used to fund project delivery costs which includes City-contracted 3rd party construction inspectors, legal, and staff time. In addition, the project will receive a 15-year, net 67% Community Reinvestment Area (CRA) tax exemption, which was previously approved by City Council.
Location and Existing Site
The subject property includes 3104 Warsaw Avenue in East Price Hill.
Past Public Meetings
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Community Engagement Meeting
Wednesday, October 9th, 2024, at 5:00 PM
Held virtually on Zoom
Contact
Please direct written statements, requests, and other communications to:
Eunique Avery, Community Engagement Specialist
eunique.avery@cincinnati-oh.gov | 513-713-8982