Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City staff outlines Opportunity Zone 2 rules and asks council to prioritize downtown and North Gateway tracts
Summary
Staff briefed the City Council on OZ2 rule changes, eligibility maps and a short deadline to nominate census tracts for the new permanent Opportunity Zone program; staff recommended prioritizing the downtown tract (3302) and the Gateway tract (2101) and said nominations are due May 22 with new designations active Jan. 1, 2027.
City staff briefed the Springfield City Council on changes to the federal Opportunity Zone program (referred to by the presenter as "OZ2"), explained that new program rules were established as part of HR 1, and asked the council to provide direction on which census tracts to nominate.
The staff presenter said OZ2 is now permanent, nominations are made every 10 years, and new rules include stricter family‑income requirements and a focus on rural areas; eligibility is determined by census tract. The presenter pointed the council to packet attachments that show current…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
