Cincinnati City Council committee could approve $950K in TIF funds for Madisonville development

Madison & Whetsel Development.PNG
Posted at 1:09 PM, Aug 03, 2020

CINCINNATI — A Cincinnati City Council committee could approve nearly $1 million in TIF funds for a Madisonville development.

The multi-million-dollar project, located on the corner of Madison Road and Whetsel Avenue, will be a mixed-use development with more than 100 apartments.

City council’s Budget and Finance Committee is expected to approve $950,000 in TIF funds for the project on Monday afternoon.

But some residents drafted a community benefits agreement that they want officials to consider before the next phase of the project receives funding.

Some say that what was built is not what was in the initial plan; parking turned out to be private instead of public.

RELATED: Madisonville residents want apartment project stopped to negotiate CBA

Kate Botos, president of the Madisonville Community Council, said some residents are advocating for more affordable housing to be included in the project.

"So we've asked for 20% of the units to be listed at 40% of the census tract median income. Which is a big deal, specifically because part of the funding that's coming for this development is based on the low-income census tract,” Botos said.

Botos said she is concerned the community has not seen updated plans since May.

The Cincinnati City Council Budget and Finance Committee will meet at 1 p.m. to vote on the funding.