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Riverside's CIC outlines plan to acquire 41 tax-delinquent parcels, pursue foreclosures and remediation
Summary
City consultants said Riverside's Community Improvement Corporation recorded 41 properties for redevelopment and has filed seven foreclosures; priorities include Center of Flight predevelopment, Huber Avenue workforce housing and EPA-funded brownfields remediation.
Representatives of the Community Improvement Corporation (CIC) updated council on a range of property-reuse activities the nonprofit is pursuing to return tax-delinquent and blighted sites to productive use.
Phil Downing and Chaz Chad told the council the CIC was reinvigorated in 2024 and, after planning and record work, 41 properties were transferred to the CIC and recorded in February 2026. Downing said the CIC has authority under Section 1724 to pursue tax-foreclosure where delinquency exceeds the auditor's value and that the corporation has filed on seven properties to date, primarily in residential neighborhoods intended for demolition, side-lot transfers or infill redevelopment.
The consultants described several geographic priorities: the Springfield Innovation Corridor and a long-discussed Center of Flight site across from Gate B; a Huber Avenue workforce-housing concept intended to provide affordable housing for base workers; and the Glendeen Avenue corridor. They also flagged predevelopment work on Valley Pike sites and noted interest from private parties on additional parcels.
Downing and Chad said the CIC is pacing its acquisitions and will use development agreements with reversionary clauses to protect community outcomes if buyers fail to perform. The consultants noted the CIC's current operating budget includes a $115,000 consultant contract and the city has historically contributed $100,000; additional fundraising and grants are part of the funding mix.
On remediation, the presenters said a $1.2 million U.S. EPA grant administered by the county land bank may fund cleanup at an EPA engagement site and that the CIC is considering Ohio brownfields funding where appropriate.
Councilors asked how residents might obtain side-lot parcels and about time frames built into development agreements; presenters said side-lot transfers would be evaluated case-by-case and suggested typical performance windows (for some agreements two to three years) before reversion clauses could be exercised.
No formal council action was required on the CIC briefing; staff said the CIC board will continue its meetings (third Thursday) and will return with program details and potential property dispositions.
