WHAT SHOULD I BE DOING INSTEAD OF THIS?
 
 
by German Lopez 05.22.2013 27 days ago
Posted In: News, Economy, Development, Budget at 09:00 AM | Permalink | Comments (0)
 
 
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Morning News and Stuff

Local job numbers improve, housing supply lags behind demand, The Banks gets price tag

Local job numbers continued their positive trend in April, with Cincinnati’s unemployment rate dropping to 6.9 percent and the rest of the region following suit. Michael Jones, research director at the University of Cincinnati Economics Center, attributed the job gains to improvements in manufacturing and continued growth in health care jobs. Still, the public sector continued to lag behind the private sector — a trend Jones says could change in the coming months as government budgets are adjusted to match higher tax revenues resulting from the recovering economy. Downtown’s population growth slowed last year as available housing failed to match demand, according to Downtown Cincinnati Inc.’s annual report. In the past few years, the city has pursued multiple actions to meet demand, particularly through public-private partnerships. Most recently, City Council approved leasing the city’s parking assets to raise funds that would help build 300 luxury apartments, but that plan is currently being held up in court. The second phase of The Banks riverfront project will cost $62 million, according to the report from Downtown Cincinnati Inc. That’s smaller than the first phase, which cost $90 million. The second phase of the project is expected to begin this fall, and it should bring 300 apartments and 60,000 square feet of street-level retail space to the area by the end of 2015. The Banks also plans to build a $45 million hotel, which is also expected to be complete in 2015. The funding for the projects is coming through multiple public-private partnerships. After the final public hearing on the city budget Wednesday, Councilwoman Laure Quinlivan plans to introduce her own budget plan that would avoid all city employee layoffs. A statement from Quinlivan did not give much in the way of details: “My plan saves all city jobs and restores all neighborhood programs. It requires common sense and shared sacrifice of all city employees.” Most recently, council members Chris Seelbach and Roxanne Qualls co-sponsored a motion that would eliminate fire layoffs and reduce police layoffs to 25 by making cuts elsewhere. The Ohio Senate plans to vote today on a measure that would effectively close down hundreds of Internet “sweepstakes” cafes around the state in an effort to eliminate illegal gambling activities. The cafes’ operators insist their activities are not gambling but rather a promotional tool that helps sell Internet time and long-distance phone cards. Cincinnati’s zoning hearing examiner says he’s trying to reduce the time it takes to go through the zoning hearing process to less than 60 days. Three major Ohio universities, including the University of Cincinnati, and four hospitals, including Cincinnati Children's Hospital, are teaming up to find out what causes premature birth. Beginning July 1, some Ohio interstates will allow drivers to go 70 miles per hour. Find out which ones here. At congressional hearings yesterday, U.S. senators criticized Apple for legally taking advantage of the complex American corporate tax system, but Kentucky Sen. Rand Paul put the blame on Congress: Russia is building robots to “neutralize” terrorists, and other researchers are working on robots that will attempt to rescue people after disasters. The creator of the GIF says it’s pronounced “jif.”
 
 
by German Lopez 02.12.2013 126 days ago
Posted In: News, Economy, Development at 03:31 PM | Permalink | Comments (0)
 
 
qualls

Qualls Urges HUD to Stop Sale of Housing Units

More than 700 units being sold to New York company

Vice Mayor Roxanne Qualls is asking the U.S. Department of Housing and Urban Development (HUD) to stop the sale of 748 housing units to a New York company — potentially preventing a repeat of a similar sale back to 2007 that led to dropping property values in the area. In a press release Tuesday, Qualls argued that locals should be given the opportunity to purchase the project-based Section 8 housing in Walnut Hills, Avondale and Millvale. Currently, HUD is bypassing local communities with plans to sell the housing to a corporation controlled by the Puretz family of Brooklyn, N.Y. “Cincinnati’s residents are still recovering from the massive disinvestment that was allowed to occur with an eerily similar situation in 2010,” Qualls said in the release, referring to a similar sale that culminated in a huge drop in property values between 2007 and 2010. In 2007, HUD sold 618 subsidized housing units to NY Group OH 1 LLC, a company with no previous housing experience in Cincinnati, according to Qualls’ release. As the 2008 financial crisis and Great Recession pulled down the global economy, property values dropped all around the nation, but things went particularly south in NY Group’s Cincinnati buildings. The owner eventually defaulted on the housing units, and Fannie Mae foreclosed in 2010. Property values went from $21.5 million to $7 million between 2007 and 2010, when the units were sold in a sheriff’s sale. In that time period, the buildings blighted, with residents complaining about deteriorating structures, broken lighting, bed bugs, cockroaches and mold. In one case, an apartment’s restroom ceiling reportedly collapsed. Qualls is focused on preventing more blighted buildings: “Preservation of the housing in good condition is vital to the improvement of our neighborhoods. Our neighborhoods cannot afford to have more blight brought on by an absentee owner. Because these properties are supported by government funding, it is vitally important that HUD get public input from the City of Cincinnati and Avondale, Walnut Hills and Millvale residents and stakeholders about this proposed new transfer of HUD funded properties before making any further decisions.” Qualls has invited the local HUD field office director to the Feb. 26 Livable Communities Committee meeting to discuss the sale. She has also written to other HUD officials, U.S. Sen. Sherrod Brown, U.S. Sen. Rob Portman and Rep. Steve Chabot to prevent the sale.
 
 

Home Repair?

Critics call Chabot's Section 8 reform redundant, ill-advised

12 Comments · Tuesday, April 10, 2012
In an economy where prices on rental properties continue to skyrocket while the job market remains sluggish, Rep. Steve Chabot (R-Westwood) has an idea. He’s introduced radical legislation to reform the federal Section 8 low-income housing program, a reform that would force many in need to fend for themselves to obtain housing.   

Bus Riders, Krikorian, Chiquita, Barnett

1 Comment · Wednesday, November 18, 2009
Bus Riders: Merry Christmas! People who use the Metro bus system for transportation in Cincinnati and Hamilton County are going to have to dig deeper in their pockets beginning Dec. 27. Due to cuts in federal funding, Metro is raising its fares.  

Opening Doors in Over-the-Rhine

0 Comments · Wednesday, June 10, 2009
They say when one door closes another opens. I was reminded of that truism last week in Over-the-Rhine. Kris Sommer took me on a walking tour of new housing projects along Vine, Main, Pleasant and Republic streets, many of them developed by the company he works for, Urban Sites. In a former life, Kris was an advertising sales rep here at CityBeat.   

Using Stimulus Money at Home

Your guide to the Homeowner Affordability and Stability Plan

1 Comment · Wednesday, May 13, 2009
Buried somewhere in President Obama’s stimulus package is $75 billion to help Americans buy homes or stay in the ones they own. It’s called the Homeowner Affordability and Stability Plan, and the White House expects it to offer aide to some 9 million people. If you don’t know much about it, you’re not alone. CityLiving attempts to explain the overwhelming plan in 1,000 words or less…  

Renting Vs. Owning

0 Comments · Wednesday, February 18, 2009
Kevin Osborne's interview with Greg Harris, newly appointed to Cincinnati City Council ("At Home on City Council," issue of Feb. 11), included a few incorrect or misleading statements. The article quotes an increase in Section 8 Housing between 1994 and 2004, but methodology and dispersal, not quantity, changed.  

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