Monitoring & Compliance MISSION
MAJOR ACCOMPLISHMENTS
The monitoring and compliance division seeks to ensure comprehensive oversight
Centralized Database
of the entire life cycle of a project, from
A priority for the Department has been
execution of the development agreement
to create a centralized database for
to final repayment of any City assistance.
information on tax incentive programs. When complete, the system will allow for
DESCRIPTION
a single location for information on tax
Monitoring and compliance serves the
incentive programs, making data more
Department, City staff and the Cincinnati
accessible and compliance monitoring
community by tracking and recording
easier. Through these efforts, we have
results of community and economic
already improved the accuracy and
development programs. This also
efficiency of JCTC/PIR (Job Creation
includes holding City departments and
Tax Credit/Property Investment Rebate),
program recipients accountable for proper
Residential CRA, and Commercial CRA
administration and performance outcomes
procedures for collecting and reporting
of these programs, including compliance
monitoring and compliance data.
with relevant local, state and federal regulations.
Incentive Legislation The monitoring and compliance team was also involved in developing legislation related to incentive programs. This includes an ordinance to increase environmental incentives for the CRA Program and an ordinance aimed at converting PIRs to JCTCs, further streamlining the process for the 2015 annual report cycle that begins in 2016.
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