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Springfield’s Office of Planning and Economic Development (OPED)
has applied for a grant of $697,882 from the U.S. Housing and Urban Development
Department (HUD), which would be matched with $232,666 in Enos Park Tax
Increment Funds (TIF) to complete initial re-zoning and acquire a number of
distressed properties within the Enos Park neighborhood.
The city’s effort is being partnered by the Enos Park
Neighborhood Improvement Association (EPNIA), the Enos Park Development (EPD,
LLC,) and Mansur Real Estate Services, Inc. (Mansur). The Lakota Group (Lakota)
will provide assistance for specific portions of the project.
The project would allow for the re-zoning of a transitional
area within the neighborhood to allow for high density residential development
for qualified income individuals and commercial activities to support basic
needs of the neighborhood residents. The planned acquisition is to convert at
least eight distressed properties into financially feasible redevelopment
parcels.
"This is an excellent opportunity to showcase and capitalize
on the nearly $700,000 in current work underway in Enos Park and to leverage TIF
funds to further enhance Enos Park. It’s a fantastic use of TIF funds that will
generate additional grant dollars for the area. The grant will continue to
position Enos Park and the Medical District for future economic growth," Mayor
Houston said.
Specific blighted properties have already been identified and
would be purchased and land banked for future redevelopment under the guidance
of the Enos Park Redevelopment Corporation. The re-zoning would provide the data
and groundwork needed for an eight-block area bounded by Madison, Ninth,
Carpenter and Second Streets. This initial re-zoning process brought about
through the Challenge Grant could become the basis for the future of
neighborhood zoning which could benefit older neighborhoods within the city of
Springfield.
OPED staff submitted the application Friday, September
16th and anticipates a decision by HUD in late November. Use of the
grant funds and match would continue the recommendations outlined by the Mansur/Lakota
study which was completed earlier this year. |