Redevelopment of 4791 Ridge Ave & 3422 and 3420 Ibsen Ave

The City of Cincinnati’s Department of Community and Economic Development is seeking a developer to create a concept plan and financing strategy for three adjacent vacant parcels in the Oakley neighborhood (4791 Ridge Ave, 3422 Ibsen Ave, and 3420 Ibsen Ave). The award will be based on a points‑based evaluation of experience, vision, financial capacity, and economic‑inclusion commitments rather than lowest price alone. Offerors must submit a comprehensive package that includes design concepts, financing plans, community‑engagement strategies, and required certifications. • Total land area ≈ 0.259 acre (≈ 11,290 sq ft) with a fair‑market‑value of $290,700. • Required deliverables: narrative team credentials, conceptual site plans, 10‑year operating pro‑forma, financing sources‑and‑uses, and economic‑inclusion goals. • Evaluation criteria (100 points): 25 pts capacity & experience, 25 pts vision, 30 pts financial plan, 10 pts economic inclusion, 5 pts business‑enterprise certification, 5 pts thoroughness. • Incentives may include CRA tax abatements, NOFA gap financing, and ADDI down‑payment assistance for future homeowners.