Commission recommends council study tax‑exemption for limited‑equity cooperatives
The commission voted 6–1 to ask the city council to consider expanding the low‑income rental housing property tax exemption to include limited‑equity cooperatives; staff said any change would require a municipal code amendment and council action.
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The Planning Commission voted 6–1 to recommend that the city council consider expanding Springfield’s low‑income rental housing property tax exemption to include limited‑equity cooperatives as a potential displacement‑mitigation tool to be examined in the city’s forthcoming housing production strategy.
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