Monday, July 9, 2012

Sale of vacant land to aid in Borden Street revitalization

The City of Cincinnati has agreed to sell 0.087 acres of vacant land to Working In Neighborhoods (WIN) to aid in the nonprofit's South Cumminsville revitalization efforts.

The purchase price of $1 will allow WIN to build a new single-family house for a low-income, qualified owner-occupant.

The land has been vacant since 2007. That same year, the City acquired the lot through a Hamilton County forfeited land sale of abandoned, tax delinquent properties, adding it to its Cincinnati Land Reutilization Program.

The new house is part of WIN's Borden Corridor Revitalization Project, an initiative to boost the area's low homeownership rates through 24 newly-constructed and rehabilitated properties. In addition to the new single-family house, rehabilitation of the neighboring property at 3731 Borden Street is scheduled to begin later this year.

All new construction is expected to be LEED-certified.

Previous reading on BC:
Report: Foreclosure filings down for second year in a row, but caution urged (4/27/12)
Foreclosure report shows 2010 filings down, losses up (4/4/11)
Council approves federal HOME funding for Northside rehabs (9/28/09)
South Cumminsville board meets with Crowley on problem properties (3/11/08)

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