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City designates Heart of the Falls reinvestment zone and creates neighborhood empowerment zone for incentives
Summary
Council designated the Heart of the Falls reinvestment zone and approved a Neighborhood Empowerment Zone framework that enables fee waivers, abatements and design and maintenance guidelines to encourage rehabilitation and investment in the area.
Wichita Falls City Council on June 3 designated the Heart of the Falls neighborhood as a reinvestment zone and approved creation of a Neighborhood Empowerment Zone (NEZ) to encourage rehabilitation, reinvestment and design preservation in the area.
Planning staff said the reinvestment zone is a prerequisite to offering tax abatements and other incentives; the NEZ program is intended to offer incentives such as building-permit fee waivers, planning and zoning fee…
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