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Evendale council holds first reading of residential tax‑abatement plan for older neighborhoods
Summary
Council heard a detailed first reading of Ordinance 26‑08, a proposal to create a residential Community Reinvestment Area (CRA) covering about 435 parcels in Evendale’s original subdivisions that would offer an 8‑year, 50% tax abatement for qualifying owner‑occupied renovations and certain new construction, subject to county and state certification.
Evendale village staff on Monday gave council a first reading of a proposal to establish a residential Community Reinvestment Area (CRA) covering roughly 435 parcels in the village’s original subdivisions, with the stated goal of encouraging renovation and neighborhood stabilization.
Mister Elmer, presenting the ordinance, said the CRA would apply only to owner‑occupied, single‑family homes in the mapped area and would offer an eight‑year, 50 percent real‑estate tax abatement on qualifying improvements. "If you meet those criteria, you are eligible to receive an 8 year 50% real…
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