The City of Springfield wants to establish a pair of programs in Enos Park using TIF funds for exterior home rehabilitation and grants to police and firemen who choose live in the neighborhood.
The Enos Park Exterior Rehabilitation Program would provide up to $15,000 to owner-occupied properties in the TIF district covering the Enos Park neighborhood. The money could be used for exterior home repairs and improvements, but only if the property owner meets certain criteria like being current on property taxes. Read the city’s informational flier on the program here. (PDF)
The First Responder Home Purchase and New Construction Grant Programs would provide up to $20,000 for police and firemen who choose to live in Enos Park. The money could be used for purchase of an existing home or new construction. The grants would be subject to a clawback provision, in which the city would be able to recoup a portion of the funds if the homeowner sold the house within five years of receiving a grant. Read the city’s informational flier on the programs here. (PDF)
The Springfield Economic Development Commission voted unanimously to approve the city’s request for the TIF funds. The Springfield City Council has final vote power on TIF requests.
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