COMMUNITY REINVESTMENT AREA

Since 2017, the entire City of Willard has been a designated Community Reinvestment Area.  This CRA designation provides three areas of benefit to the community.
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1.  Residential, Owner-Occupied Housing
  • New construction of residential dwelling containing not more than two (2) owner-occupied housing units.  
  • Eligible for 100% tax exemption on the increase in the assessed valuation resulting from the improvements for a period of 15 years.  
  • Applies to single family homes or condominiums with up to two (2) owner-occupied dwellings.  
  • Rentals are not eligible.  
2.  Remodeling of Existing Commercial and Industrial Facilities
  • Eligible for CRA agreement for up to, and including, twelve (12) years.
  • Eligible for CRA agreement for up to, and including, one hundred percent (100%).
  • Cost of remodeling of existing commercial and industrial facilities must be over $5,000.
  • Terms and percentages are negotiated on a case-by-case basis in advance of the remodeling occurring.   
3. Construction of New Commercial or Industrial Facilities
  • Eligible for CRA agreement for up to, and including, fifteen (15) years.
  • Eligible for CRA agreement for up to, and including, one hundred percent (100%). 
  • Exemption is on the increased assessed valuation resulting from the new construction.  
  • Terms and percentages are negotiated on a case-by-case basis in advance of the construction occurring.  

Please contact cknapp@willardohio.gov Community Development Director, Carol Knapp at 419.933.2851 x 1250, for more information.
CRA ORDINANCE
​CRA RESIDENTIAL APPLICATION

CRA COMMERCIAL APPLICATIONS may be obtained by contacting:

Community Development Director
Carol Knapp
Email: cknapp@willardohio.gov
Phone: 419-933-2581 x 1250