Some Cincinnati homeowners could get help with their property taxes soon.

Mayor Aftab Pureval and Hamilton County officials Monday announced a new program offering forgiveness on back property taxes for city residents who own houses worth no more than $100,000.

Pureval said the program responds to an urgent need but could also have future impact.

"Of course the short-term goal [is] to make sure that folks aren't going into default or foreclosure," he said. "But this is also a long-term generational wealth play. Homeownership is the best way to create wealth for yourself and future generations. By wiping out this debt, not only are we keeping people in their homes, but we can also make sure they're passing on their properties to the next generation."

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