CONSTRUCTIONPENDING

Cincinnati Plans $2.9 Million 530 Walnut Housing Loan

Cincinnati plans to execute a funding agreement with 530 Walnut LLC and provide up to $2.9 million from the Downtown/OTR East TIF District. The financing will support renovation of 530 Walnut Street into approximately 67 apartments and commercial space, with construction targeted for completion within 24 months of the agreement's effective date.

Document date · October 12, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $2,900,000
Contract type
CONSTRUCTION
Contract term
Commences on the Effective Date; project commencement within 6 months, project completion within 24 months, with City discretion to extend commencement or completion by up to 12 months
Renewal
The agreement may be extended by the City for up to 12 months for project commencement or completion and up to 6 months for the affordable-unit lease-up deadline. The agreement remains in effect until the loan is repaid or forgiven and all developer obligations are satisfied.
Document type
Agenda
Source document
City of Cincinnati Agenda Budget, Finance & Governance Committee 2026-10-12

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Cincinnati?

530 Walnut Llc was awarded this construction contract by City of Cincinnati, as recorded on October 12, 2026. The contract value is Up to $2,900,000.

How much is the 530 Walnut Llc contract with City of Cincinnati worth?

The 530 Walnut Llc contract with City of Cincinnati is valued at Up to $2,900,000, covering construction work.

What type of contract is this?

This is a Construction contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Cincinnati Agenda Budget, Finance & Governance Committee 2026-10-12 (Agenda), dated October 12, 2026 from City of Cincinnati. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does 530 Walnut Llc hold?

530 Walnut Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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