Local and state elected officials, community stakeholders, private developers, and employers are grappling with Ohio’s recognized lack of high-quality, workforce-attainable housing options. While Ohio has been successful in...more
10/9/2024
/ Community Development ,
Economic Development ,
Employee Housing ,
Events ,
Housing Developers ,
Housing Market ,
Market Conditions ,
Public Private Partnerships (P3s) ,
Real Estate Development ,
Real Estate Transactions ,
Residential Leases ,
Residential Property Owners ,
Zoning Laws
Session: Incentivizing Housing Development in Northwest Ohio: Finding Opportunities and Overcoming Barriers -
Overview of Statewide market conditions for housing development & how to build successful public-private...more
The Ohio Department of Development (ODOD) recently released further application details and information regarding its Building Demolition and Site Revitalization Program (the Program), which recently received renewed funding...more
11/1/2023
/ Brownfield Properties ,
Demolition ,
Funding ,
Neighborhood Revitalization ,
Procurement Guidelines ,
Real Estate Development ,
Set-Aside Contracts ,
Site Remediation ,
State and Local Government ,
State Budgets ,
State Funding ,
Urban Planning & Development
During the past decade, county land banks ramped up operations across Ohio largely employing one-time cash. The Hardest Hit Fund (HHF), sourced from Ohio’s share of mortgage industry settlement payments related to the Great...more
6/25/2021
/ Abandoned Property ,
Affordable Housing ,
American Rescue Plan Act of 2021 ,
Banks ,
Biden Administration ,
Coronavirus/COVID-19 ,
Economic Stimulus ,
Housing Developers ,
Mortgage Lenders ,
Real Estate Development ,
Relief Measures ,
Residential Real Estate Market
A recent decision by the Ohio Supreme Court addressed whether a municipality can retroactively reinstate an expired TIF exemption by amending the legislation that authorized the original exemption. The case arose from a TIF...more
New legislation enacted during the recent lame duck session of the General Assembly may alter the allocation of the federal income tax deduction granted for the design and installation of energy-efficient commercial building...more
Taxpayers can now access a new, nonrefundable insurance premium tax credit for capital contributions to certain “transformational mixed use developments” (TMUDs). Amended Substitute Senate Bill 39, a piece of legislation...more
This month, the Ohio General Assembly fast-tracked a school construction finance measure as a mini-capital appropriations bill. Amended Senate Bill (Am. SB) 4 was signed into law by Governor DeWine on July 24, 2020, after the...more
Bricker’s DevelopOhio blog is intended to serve as the go-to resource for economic development practitioners in Ohio. Arguably, the blog’s most valuable resource is the Economic Incentives Toolkit, first written in 2011 and...more
In 2020, Ohio’s development officials are again awarding grants to fund commercial and industrial development projects that don’t have known end users. JobsOhio is now in the midst of launching a $50 million per year grant...more
2/26/2020
/ Brownfield Properties ,
Business Development ,
Commercial Buildings ,
Construction Project ,
Economic Development ,
Grants ,
Hospitals ,
Industrial Space ,
Infrastructure ,
Loans ,
Multi-Family Development ,
Parking Lots ,
Project Finance ,
Public Parks ,
Public Projects ,
Real Estate Development ,
Retailers ,
State and Local Government ,
State Funding ,
Urban Planning & Development ,
Vacant Properties ,
Warehouses
In the fall of 2019, the Ohio General Assembly significantly changed state law governing tax increment financing (TIF) exemptions. For certain TIF projects, local communities can extend the exemptions – and, therefore,...more
2/7/2020
/ Economic Development ,
Exemptions ,
Local Ordinance ,
Municipalities ,
Property Tax ,
Public Finance ,
Public Projects ,
Real Estate Development ,
Redevelopment ,
State and Local Government ,
Tax Increment Financing ,
Urban Planning & Development