Springfield Township Community Reinvestment Area I (CRA I) program was approved by the Ohio Development Services Agency on April 23, 2019. A CRA is an economic development tool administered by municipal and county government that provides real property tax exemptions for property owners who renovate existing or construct new buildings. Community Reinvestment Areas are areas of land in which property owners can receive tax incentives for investing in real property improvements. For more information on Community Reinvestment Areas in Ohio, please visit the Ohio Development Services Agency website.
The Springfield Township CRA I program offers incentives to both residential and commercial remodeling and new construction projects in the designated CRA I project area.