Council gives 3CDC control of 35 Over-the-Rhine properties
Cincinnati council's budget and finance committee voted today (Monday) to give control of 35 properties in Over-the-Rhine, mostly north of Liberty Street, to the Cincinnati Center City Development Corporation for re-development.
The Over-the-Rhine Community Council opposed giving control of the properties to the organization, also known as 3CDC. The council argued that 3CDC already has too much control over development in Over-the-Rhine.
The agreement with 3CDC includes a provision that at least thirty percent of the housing units will be affordable to low income families, as defined by the federal Department of Housing and Urban Development.
The full council is expected to give final approval to the 3-C-D-3 at its Wednesday meeting.