Proposed Use of TIF Funds for Reid Flats in OTR and Downtown
Background
This project is being developed by Redi Flats, LLC, A subsidy of Model Group. The Model Group (TMG) has developed more than $1 Billion in real estate, including over 400 historic properties in Ohio.
Proposed Project
The Project is a proposed 90 residential unit mixed-use development comprised of ten (10) historic buildings. The project sites are located within Over-The-Rhine (OTR) and Downtown. The project will produce 90 units, with 9 being 60% Area Median Income (AMI) restricted, while the other 81 units range from 80% to 120% AMI. The project includes approximately 6,700 square feet of commercial space across the ten (10) units. Total project cost is projected to be approximately $33.4M, with construction costs at approximately $22.8M. The Department of Community & Economic Development (DCED) intends to make a $2,227,016 award from the Over-The-Rhine West Tax Increment Financing (TIF) District Affordable Housing Set Aside. In addition, DCED is proposing a 15-year, net 67% Community Reinvestment Area (CRA) tax exemption.
Location of Proposed Project
212 W Liberty, 214 W Liberty, 1711 Elm, 1713 Elm, 1519 Vine, 1522 Republic, 1524 Republic, 1526 Republic, 530 Republic, and 211-219 W 4th
Past Public Meetings
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Virtual Community Engagement Meeting
Tuesday, June 17th, 2025
Related Materials
Contact
For questions related to the public engagement meeting, please contact:
Eunique Avery, Community Engagement Specialist
Eunique.Avery@Cincinnati-oh.gov | 513-713-8982