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Council holds first reading to terminate downtown Vertical Housing Development Zone
Summary
The council held a first reading of an ordinance to terminate Springfield’s downtown Vertical Housing Development Zone. Staff said the city previously used the Housing Diversity Tax Exemption (HDTE) as the preferred tool; one vertical housing tax exemption already approved (Rivet Building) will not be affected by termination.
At first reading the council considered an ordinance to terminate Springfield’s Vertical Housing Development Zone (VHDZ) in downtown.
Katie Carroll, housing analyst, said the VHDZ was designated at the city’s request in 2004 and allowed property owners to apply for a 10‑year…
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