The Greater Ohio Policy Center is part of the research team analyzing the city of Cleveland’s residential tax abatement program.
Changes Proposed to CRA Rules Would Cause Irreparable Harm to Program
Last month, the Office of the Comptroller of the Currency (OCC), an independent bureau within the U.S. Department of the Treasury, along with the Federal Deposit Insurance Corporation (FDIC), proposed rules that would considerably weaken the regulations governing the Community Reinvestment Act (CRA).
Don’t Gut the Community Reinvestment Act
You may have heard the term “redlining,” a practice started in the 1930’s to describe the discriminatory act of marking off neighborhoods, using a red marker or pen on a map, where banks would deliberately avoid lending based on race, ethnicity, or religion. The results are unfortunately well known and are still with us today.
GOPC to discuss Neighborhood Revitalization and Transformation in Ohio and beyond on WOSU FM
The 614 for Linden: Advancing the One Linden Community Plan
On November 25th, the City of Columbus and community partners announced the details of The 614 for Linden, a collaborative to advance the One Linden Community plan. The collaborative is named for six nonprofits partnering with four community development financial institutions (CDFIs) to have a positive and significant impact on one neighborhood.
PRO Neighborhoods Grant awarded to Cleveland Development Advisors for neighborhood development
Last week, Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership, announced they were the recipients of a $5 million grant from JPMorgan Chase to support development in the Cleveland neighborhoods of Clark-Fulton, Glenville, Buckeye-Kinsman, and their immediately surrounding areas. CDA has contributed a further $3.75 million to the project, taking the total commitment for the project to nearly $9 million.
Strategies to Alleviate Cost Burden for LMI Homeowners
Recently, conversations around the need for a property tax relief program in Ohio’s cities have become more urgent. GOPC has scanned different ways communities can lessen the burden on rapidly rising property values on long-time residents. GOPC is currently researching programs, or components of programs, which could be applicable in Ohio.
