17 Dec 2020
Today, the Ohio Development Services Agency awarded $26,523,083 in Ohio Historic Preservation Tax Credits for the rehabilitation of 51 historic buildings. Together, the projects are expected to leverage approximately $259 million in private investments in 11communities.
“Twenty-four rounds of this program have proven that historic preservation is a catalyst for investment in our downtowns and neighborhoods,” said Lydia Mihalik, director of the Ohio Development Services Agency. “These historic buildings will be a part of our recovery, providing homes for Ohioans and job opportunities during the rehabilitation and long after, when new businesses move into the buildings.”
The awards will assist private developers in rehabilitating historic buildings in downtowns and neighborhoods. Many of the buildings are vacant today and generate little economic activity. Once rehabilitated, they will drive further investment and interest in adjacent property. Developers are not issued the tax credit until project construction is complete and all program requirements are verified.
The Ohio Historic Preservation Tax Credit program is administered in partnership with the Ohio History Connection’s State Historic Preservation Office. The State Historic Preservation Office determines if a property qualifies as a historic building and that the rehabilitation plans comply with the U.S. Secretary of the Interior’s Standards for Rehabilitation.
The Round 25 Ohio Historic Preservation Tax Credit recipients in Greater Cincinnati are:
123 E. McMicken (Cincinnati, Hamilton County)
Total Project Cost: $480,536
Total Tax Credit: $65,898
Address: 123 E. McMicken, Cincinnati, 45202
Constructed c. 1863, the building at 123 E. McMicken has a unique wrought iron balcony and retains some of its historic storefront. Converted to a single-family residence at one point, the two-and-a-half-story building will be returned to commercial use for a cafe and office space. During rehabilitation,the non-historic storefront infill will be removed, and a new storefront will be constructed compatibly with remaining historic fabric.
254 Mohawk (Cincinnati, Hamilton County)
Total Project Cost: $855,394
Total Tax Credit: $120,470
Address: 254 Mohawk, Cincinnati, 45214
This project in Cincinnati’s Mohawk Place Historic District includes front and rear buildings that have been vacant for more than 20 years. Home to numerous immigrant families and small businesses over time, the buildings will be rehabilitated to be home for eight residents. Some of the units will be small studios with rents affordable to the local workforce.
310 Perry (Cincinnati, Hamilton County)
Total Project Cost: $1,510,647
Total Tax Credit: $212,760
Address: 310 Perry, Cincinnati, 45202
Located in downtown Cincinnati’s West Fourth Street Historic District, this four-story building has been vacant for more than five years. Originally serving commercial uses, the building over the years also was home to various stores until 2014. After rehabilitation is complete, the building will hold 12apartments. Although much of the interior has already been lost to demolition, where it remains,the historic floors, walls, stairs, and trim will be repaired and retained.
1409 Main (Cincinnati, Hamilton County)
Total Project Cost: $2,314,493
Total Tax Credit: $200,000
Address: 1409 Main, Cincinnati, 45202
This small building in Cincinnati’s Pendleton neighborhood is part of the final phase of a larger rehabilitation project that included 20 buildings. The first floor will house office space while the upper three floors will have 10 residential units. Historic fabric,including stairs, mantles, woodwork, flooring, and plaster,will be retained. Also included in this project is a building on the rear of the property that will be rehabilitated for three residential units.
1623 Pleasant (Cincinnati, HamiltonCounty)
Total Project Cost: $1,033,818
Total Tax Credit: $169,470
Address: 1623 Pleasant, Cincinnati, 45202
Built c. 1880, the four-story Italianate building at 1623 Pleasant was home to generations of Over-the-Rhine residents in its eight apartments,but by 2004, it was vacant and neglected. After the rehabilitation, these eight units will be reactivated for residents in the vibrant neighborhood near Findlay Market. Historic windows and doors will be repaired and retained as will historic stairs, woodwork, and mantles.
1648 Vine St.(Cincinnati, Hamilton County)
Total Project Cost: $1,107,355
Total Tax Credit: $152,622
Address: 1648 Vine St., Cincinnati,45202
The building at 1648 Vine St.in Cincinnati’s Over-the-Rhine neighborhood tells the story of the area’s changes over generations. Built c. 1845, the building was altered numerous times but has been vacant for decades and suffered serious structural damage. The first-floor commercial space will be restored along with four apartments on the upper floors. Remaining historic fabric, such as plaster walls and wood trim, will be repaired and retained.
Findlay Parkside (Cincinnati, Hamilton County)
Total Project Cost: $31,396,909
Total Tax Credit: $3,100,000
Address: Multiple addresses around 1804 Vine St., Cincinnati, 45202
The Findlay Parkside grouping includes 19 historic buildings in Cincinnati’s Over-the-Rhine Historic District surrounding the Findlay Market. Comprised of small-scale, mixed-use commercial and residential buildings, the project will have 65 residential units when completed. Buildings in the project range from one to four stories,and many still retain original exterior details,such as cast-iron storefronts, decorative cornices, and hood molds. Numerous incompatible renovations were inflicted on these buildings over time,and the rehabilitation project will work to preserve remaining historic fabric.
The Ransley (Cincinnati, Hamilton County)
Total Project Cost: $1,300,000
Total Tax Credit: $125,000
Address: 2390 Kemper Lane, Cincinnati, 45206
The Ransley apartment building is in the Walnut Hills neighborhood of Cincinnati. Vacant for five years, the 1895 building will be rehabilitated to again serve its original purpose as 13 residential units plus one ground-floor commercial space. Designed by renowned architect Samuel Hannaford, the building has been listed on the National Register since 1980.
Lower Price Hill Thrives
Four projects in Cincinnati’s Lower Price Hill Historic District funded this round(plus one funded in Round 24) are part of the larger project called Lower Price Hill Thrives. The project will include the rehabilitation of 12historic buildings on/around St. Michael Street into more than 50units of affordable housing plus commercial spaces. They are:
2113-2117 W. 8th and 2122 St. Michael St.-rear (Cincinnati, Hamilton County)
Total Project Cost: $5,831,990
Total Tax Credit: $250,000
Address: 2113-2117 W. 8th and 2122 St. Michael St.–rear, Cincinnati, 45204
Originally mixed commercial/residential use buildings, one of them later housed a church before becoming vacant. The unique round bay window with domed roof will be repaired,and although little historic fabric remains on the interior, what is left will be retained and repaired,including staircases and wood trim.
2122 St. Michael St.-front (Cincinnati, Hamilton County)
Total Project Cost: $1,321,581
Total Tax Credit: $163,158
Address: 2122 St. Michael St.–front, Cincinnati, 45204
Currently,the building has six abandoned apartments that will be rehabilitated for new residents. The ill-fitting replacement windows will be replaced with compatible windows that better match the historic windows.
2130 St. Michael St. and 642 Neave St.(Cincinnati, Hamilton County)
Total Project Cost: $1,311,588
Total Tax Credit: $161,924
Address: 2130 St. Michael St. and 642 Neave St., Cincinnati, 45204
The two buildings in this project date to the late 19th century and have been long vacant except for one commercial space. After rehabilitation, there will be five apartments,and the commercial space will be retained.
2131 St. Michael St.(Cincinnati, Hamilton County)
Total Project Cost: $1,311,588
Total Tax Credit: $144,131
Address: 2131 St. Michael St., Cincinnati, 45204
After many years of vacancy, this c. 1885 building will again house residents in its three apartments. Historic fabric,including the central stairs, woodwork, and exterior details,will be repaired and retained.
Please follow this link for the full list of Round 25 recipients.