Why was this part of Xenia selected for the CRA, and not ALL of Xenia?

Xenia is a diverse community which contains both growing and established areas. Some established neighborhoods and business districts have experienced increases in vacancy as well as a decline in property maintenance. These factors can discourage existing businesses and homeowners from expanding or continuing to invest in their properties. These factors can also discourage new businesses and homeowners from locating in or building in these areas. The CRA offers a tool to help existing and prospective property owners to overcome these obstacles to investment. The City will continue to monitor the progress of the program as well as conditions in other portions of the City and continuously evaluate whether the CRA should be expanded to include additional areas.

Show All Answers

1. What is a Community Reinvestment Area (CRA)?
2. How does a CRA tax abatement work?
3. How can a CRA tax abatement help me?
4. How can I qualify for a CRA tax abatement?
5. How much of a tax abatement can I receive?
6. How do I apply for a CRA tax abatement?
7. Who reviews and approves my CRA application?
8. Will a CRA tax abatement reduce the taxes that I paid on the property prior to new construction, expansion or renovation?
9. If I receive a CRA tax abatement, will my taxes go up or down during the abatement period if my property is re-assessed or if a tax levy is passed?
10. What happens to my tax bill at the end of the tax abatement period?
11. Why was this part of Xenia selected for the CRA, and not ALL of Xenia?