In late December 2015, 16 proposed Cincinnati area projects were awarded about $11 million through the Ohio Historic Preservation Tax Credits program, soapboxmedia.com reports. The largest award went to downtown’s Union Central Life Annex, which received $5 million in tax credits. Village Green will renovate the now-vacant 1928 building “into 294 market-rate apartments, a first-floor grocery store and a rooftop restaurant,” according to the article. Several Over-the-Rhine projects received awards, including the 1863 Kauffman Building that has been vacant since the 1990s; that project received a $249,999 tax credit for renovations including commercial space on the first floor and apartments above. At Broadway Square II, Model Group’s plan to “renovate the 10 historic buildings into retail space and 37 residential units” received $1.3 million in tax credits. For more, read the full article.
Cincinnati area projects receive $11 million in Historic Preservation Tax Credits
