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Policies <br />¥Develop a residential mixed-use project on <br />Willamette Street incorporating the former <br />Woolworth site and Centre Court building. <br />1.Stimulate multi-unit housing in the downtown <br />core and on the edges of downtown for a variety <br />¥Encourage rehabilitation of older multi-story <br />of income levels and ownership opportunities. <br />rental housing south and east of the downtown <br />core. <br />2.Reinforce residential use in neighborhoods <br />abutting the downtown commercial core to help <br />¥Seek new opportunities for owner-occupied <br />contain commercial activity in downtown and <br />housing in or near downtown through incentives <br />maintain the historic character and livability of <br />such as MUPTE, CDBG, and Urban Renewal. <br />adjacent neighborhoods. <br />¥Assess and mitigate the impact of infill <br />Implementation Strategies <br />development in the neighborhood areas <br />immediately adjacent to downtown. <br />A.Expand the MUPTE program boundary to <br />encourage housing on the edges of downtown. <br />¥Conduct a downtown area housing policy <br />Periodically review boundaries and expand to <br />analysis to assess the impact of policies affecting <br />include areas where additional housing is <br />neighborhoods on the periphery of downtown <br />appropriate. <br />and recommend policy amendments to promote <br />housing preservation. <br />B.Establish a vertical housing tax exemption zone in <br />order to encourage residential density and mixed- <br />use development. <br />C.Develop additional financial tools to assist with <br />the development of housing, including the use of <br />bonds, tax increment financing, land assembly and <br />parking. <br />D.Remove regulatory barriers to the development <br />of housing in commercially zoned areas <br />downtown, while ensuring compatibility of uses <br />and design. <br />E.Reinforce opportunities for home ownership <br />downtown. <br />F.Seek opportunities to equalize the costs of <br />building housing in and near downtown compared <br />with locations elsewhere in the city. <br />G.Support the continued residential use of <br />structures in neighborhoods bordering <br />downtown. <br />Projects <br />Downtown living Ð at home in the heart <br />of the city. <br />Examples of possible projects that address the <br />implementation strategies: <br />¥Build an affordable or mixed income housing <br />development on the 8th Avenue Òland bankÓ site <br />east of the WOW Hall. <br />EUGENE DOWNTOWN PLAN ¥ APRIL 2004 <br />