( Cincinnati, OH) - After having success with the pilot program for foreclosed properties, Councilman P.G. Sittenfeld unveilled plans for taking the program city-wide Wednesday morning.
Currently operating in College Hill, East Price Hill, West Price Hill, Madisonville and Westwood, City Council passed the pilot program unanimously last year. Sittenfeld stated he expects the same for this new city-wide plan, "Last vote passed 9-0 when we did this as a pilot. I fully expect that the full council will say 'Let's take this city-wide with a 9-0 vote as well' ".
The plan requires banks to register their foreclosed vacant properties with the city and maintain them like the rest of all property owners.
Sittenfeld believes the program will be a win-win-win for the city, surrounding property owners and the lenders involved. "This is actually forcing the banks to do what is ultimately not just good for the neighborhoods but is good for the banks themselves. So I agree it is a triple win.", said Sittenfeld.
No date has been given for when the city-wide initiative will be voted on by City Council.