Incentives & Financing

Cincinnati offers incentives designed to support and grow our business community.

Community Reinvestment Area Tax Abatement

The Community Reinvestment Area (CRA) Commercial Abatement program offers a partial property tax abatement to companies and developers building or renovating a residential, commercial, industrial, or mixed-use facility in cases where the new or renovated facilities will result in job creation.

VTICA Policy

Job Creation Tax Credit

The City of Cincinnati may offer a job creation tax credit (JCTC) to a company that is considering expanding in, or moving to, Cincinnati. The JCTC provides an increase to a company’s yearly profits by reducing their tax obligation to the City.

Tax Increment Financing

Developers making a large-scale investment that requires substantial public improvements may be able to use tax increment financing (TIF) to offset a portion of those costs. The city has 35 tax increment districts and in some cases will create a TIF specific to a project.

Real Estate Gap Financing or Property Sale

Developers may request general real estate assistance that is outside of a CRA, JCTC or TIF incentive structure. This assistance request may include the purchase of City property or request for City gap financing.

Notice of Funding Availability

The Notice of Funding Availability (NOFA) loan program provides residential developers with long-term, low, fixed-rate financing for transformative housing projects that will make positive, visible impacts on our communities.

Fair Housing Act 50 Building Opportunity Fund

The Fair Housing Act 50 Building Opportunity Fund (FHAct50) is an initiative launched by Ohio Housing Finance Agency (OHFA) that empowers Cincinnati to allocate housing tax credits to residential development projects located in Over-The-Rhine (or the target area).


Ohio Historic Preservation Tax Credit Program

The Ohio Historic Preservation Tax Credit Program is a state-level program that provides a tax credit to leverage the private redevelopment of historic buildings. This program is highly competitive and receives applications biannually, in March and September.

To receive a local letter of support, please contact Giovanni Rocco at 513-352-1960 or at least three weeks before applications are due to the State.


Designed for energy-efficiency improvements to Ohio’s commercial properties, PACE’s no down payment, extended-term financing allows for the potential to increase property value, reduce energy cost, and pass-through costs while generating positive cash flow.

Economic Development Transfer (TREX)

The Economic Development Transfer (“TREX”) helps areas of the state with an over-issuance of permits by TREX transferring them to another area of the state, meeting certain criteria. If you are unable to obtain a New Liquor Permit through the Quota System as there are no permits available, you are unable to do a regular transfer of ownership and location of a class as there are no-openings or the number of applicants on file exceeds the openings available, you can try to TREX transfer the ownership and location of someone else’s permit to you, as long as you meet the TREX requirements.

HUD Section 3

Section 3 requires that recipients of certain U.S. Department of Housing and Urban Development (HUD) financial assistance, to the greatest extent possible, provide job training, employment, and contracting opportunities for lower-income residents (regardless of race or gender).

In the Urban Core

Lindsey Florea
Lindsey FloreaDevelopment Manager
Major Projects Team

Outside the Urban Core

Bob Bertsch
Bob BertschDivision Manager
Economic Development Team

Housing Development

Roy Hackworth
Roy HackworthDivision Manager
Housing Team

Ask us about incentives & financing