advancing the mission

Federal New Markets Tax Credits (NMTCs) are designed to incentivize investment in low income communities by attracting the private investment necessary to reinvigorate these areas. This tool has been of immense value to UCI in advancing its mission to revitalize Uptown Cincinnati. Since 2009, UCI has been awarded $195 million in NMTCs which has helped create jobs, provide access to healthy and affordable foods, community facilities and healthcare centers, and bring renewed interest and development to the five Uptown neighborhoods. UCI’s NMTC projects have leveraged an estimated $2 billion dollars of additional investment into the community. UCI supports and invests in the most impactful projects possible to create positive, sustainable changes in the community. Applying resources from the NMTC program has enabled UCI to meet identified community-specific needs and demonstrate long-term impact.

UCI NMTC PROJECTS

Blood Cancer Healing Center

  • A new all-in-one facility devoted to groundbreaking blood cancer research and treatment

  • Total Project Cost: $131M

  • UCI NMTC Allocation: $8M

YWCA Domestic Violence Shelter

  • Providing temporary housing and support services for survivors of intimate partner violence

  • Total Project Cost: $15M

  • UCI NMTC Allocation: $5M

UC Health Emergency Department Expansion Project

  • A new flex intensive care unit and observation unit providing care for the most critically ill patients

  • Total Project Cost: $7.2M

  • UCI NMTC Allocation: $10M

Digital Futures

  • Bringing UC’s digital headquarters and research to the community

  • Total Project Cost: $48M

  • UCI NMTC Allocation: $17.9M

Avondale Town Center

  • Delivering new retail and housing to the community

  • Total Project Cost: $44.8M

  • UCI NMTC Allocation: $2.08M

UC Gardner Neuroscience Institute

  • Centralizing access to neuroscience specialty centers

  • Total Project Cost: $54.9M

  • UCI NMTC Allocation: $20M

Good Samaritan Neuroscience Hospital Center

  • Providing healthcare for individuals with spine and brain surgeries as well as stroke patients

  • Total Project Cost: $15M

  • UCI NMTC Allocation: $5M

Group Health Associates Medical Office Building

  • Creating more access to healthcare by keeping medical services in the community

  • Total Project Cost: $24M

  • UCI NMTC Allocation: $24M

Kroger

  • Maintaining community access to a full-service grocery store

  • Total Project Cost: $16.8M

  • UCI NMTC Allocation: $12.5M

Crossroads Uptown Center

  • A vacant and historic property turned into a community asset serving residents

  • Total Project Cost: $13M

  • UCI NMTC Allocation: $7.2M

Short Vine Revitalization

  • Implementation of the first phase of a critical revitalization plan

  • Total Project Cost: $12M

  • UCI NMTC Allocation: $6.7M

Hampton Inn & Suites Hotel

  • Providing commercial activity to the business district

  • Total Project Cost: $24M

  • UCI NMTC Allocation: $21.4M

Views on Vine

  • A mixed-use development with housing and retail catalyzing redevelopment in the area

  • Total Project Cost: $22M

  • UCI NMTC Allocation: $20M

USquare @ The Loop

  • Bringing mixed-used development (housing, retail, services) to the community

  • Total Project Cost: $82M

  • UCI NMTC Allocation: $24M

Cincinnati Zoo Solar Array

  • Eliminates 1,775 tons of CO2 emissions annually by replacing coal fired power with clean solar energy

  • Total Project Cost: $12M

  • UCI NMTC Allocation: $5.2M

Burnet Avenue Revitalization

  • Critical site acquisition and land banking to remove blighted properties

  • Total Project Cost: $85M

  • UCI NMTC Allocation: $14.5M

3440 Burnet Avenue

  • Bringing new office, healthcare and a restaurant

  • Total Project Cost: $4.3M

  • UCI NMTC Allocation: $1.8M

Hickory Townhomes

  • Retaining and attracting residents with new housing

  • Total Project Cost: $4.8M

  • UCDF NMTC Allocation: $1.3M