Program Guidelines
For additional information, please contact:
Michelle Castrogiovanni
Office: 614-645-3219
Email:
MRCastrogiovanni@Columbus.gov
The core principle of The City of Columbus’ housing abatement policy is to foster private sector investment to build mixed income neighborhoods.
Community Investment Area (CRA) designations approved by City Council are listed below. Each CRA area has various expiration dates and terms. The program is delineated into two distinct categories, those created prior to July 1994 ("pre-1994") and those created after the law changes went into effect after July 1994. Click here to find out if your property is located within an eligible CRA.
Post 94 CRA – NEW CHANGES
The City’s existing post-1994 Community Reinvestment Areas will be divided into three categories based on the evaluation of six distress criteria. Click here to learn more.
The distress criteria represent a mixture of indicators that are measured over a period of time and as a snapshot in time, to give the most accurate picture of neighborhood growth.
All categories will be reevaluated every three years to capture the most accurate and real time changes occurring in the neighborhood.
MARKET READY: (Areas meeting 1-2 distress criteria)
Click here
to learn more and download an application.
AC HUMKO CRA
Fifth by Northwest CRA
Short North CRA
Kenny And Henderson
CRA
READY FOR REVITALIZATION: (Areas meeting 2-4 distress criteria)
Click here
to learn more and download an application.
Hilltop CRA
Livingston and
James CRA
Milo Grogan CRA
Near East CRA
North Central CRA
Southside CRA
Weinland Park CRA
READY FOR OPPORTUNITY: (Areas meeting 5-6 distress criteria)
Click here to learn more and download an application.
Franklinton CRA
Linden CRA
Legacy CRA
Easton Square
Place CRA
Jeffery Residential CRA
For a single-family application to Easton Square Place OR Jeffery Residential, click
here
For a multi-family application to Easton Square Place OR Jeffery Residential, click
here
TAX BENEFIT
All property owners will continue to pay existing taxes on the property PRIOR to the improvements. The abatement is on the IMPROVED VALUE ONLY. A builder of new homes will not get the tax benefit; all benefit goes to the owner of the property.
The neighborhoods and schools will also benefit. The schools will continue to receive the current, existing property taxes.
Property tax exemptions will be based on increased valuation of the property, due to significant improvements.
EXISTING PROPERTY TAXES WILL CONTINUE TO BE PAID
To apply for a CRA tax incentive:
Certification consists of a two-phase application process: Phase 1 (Pre-construction) and Phase 2 (Post Construction). Both applications must be submitted to complete the application process even if the project has been completed.
We have
developed documents to assist in your application: for the Description of Work,
click here. For the Notarized Cost Summary, click here.
WHAT IMPROVEMENTS QUALIFY: Improvements
made under a City –issued construction permit that affect the assessed value of a
property. Not all improvements will change the value of a property as
determined by County evaluators. Only
those applications that include a building permit will be reviewed for
eligibility.
|
CRA Category |
# of total project units |
Application Fee |
Annual Monitoring Fee Per Affordable Unit | |
Market Ready |
1-3 units
|
$100.00
|
$25.00
| |
4-10 units
|
$2,500.00
|
$25.00
| |
11 or more units
|
$3,500.00
|
$25.00
|
|
CRA Category |
# of total project units |
Application Fee |
Annual Monitoring Fee Per Affordable Unit | |
Ready for Revitalization |
1-3 units
|
$100.00
|
$25.00
| |
4-10 units
|
$1,000.00
|
$25.00
| |
11 or more units
|
$2,000.00
|
$25.00
|
|
CRA Category |
# of total project units |
Application Fee |
Annual Monitoring Fee Per Affordable Unit | |
Ready for Opportunity |
1-3 units
|
$100.00
|
N/A
| |
4-10 units
|
$200.00
|
N/A
| |
11 or more units
|
$500.00
|
N/A
|
|
Creation
of New CRA | Processing
and Administrative Fee |
Amendment
Fee | |
|
$5,000.00 $5,000.00
|
| | | | |
Please mail or submit in-person ORIGINAL applications to:
DEPARTMENT OF DEVELOPMENT, HOUSING DIVISION
ATTN: MICHELLE CASTROGIOVANNI, RESIDENTIAL TAX INCENTIVE PROGRAM
111 N.FRONT ST, 3RD FL
COLUMBUS,OH 43215
City staff will email acknowledgment of receipt and then will notify applicant of deficiency list or confirmation of Conditional or Final approval. A complete and accurate application will increase the efficiency of the approval.
After the improvements are completed, the City of Columbus certifies the completed work to the Franklin County Auditor. The Auditor makes a determination of the increase in value and tax amounts. The value of the increase will be exempted from property tax. For questions regarding specific abatement values please contact the Franklin County Auditor's office at www.franklincountyauditor.com.