Oregon

The Eugene City Council approved three Low Income Rental Housing Property Tax Exemptions, a decision that will contribute to the creation and preservation of 285 affordable housing units

Published

1 year ago

January 25, 2024

Eugene, OR – According to the city officials, the Low Income Rental Housing Property Tax Exemptions program is reportedly a partnership between the City of Eugene and the 4J and Bethel school districts.

The program also provides a 20-year property tax exemption for rental housing and limited equity cooperatives that serve households earning no more than 60% of the area median income.

This critical tool supports the pressing and ongoing demand to create housing that is within financial reach for lower and moderate-income households in Eugene.

Annually, the City Council considers new and renewing LIRHPTE applications. Since its inception, LIRHPTEs have played a pivotal role in sustaining affordable rents for more than 1,600 rental units in Eugene.

Furthermore, the exemption can be renewed, with over 400 units having had their LIRHPTEs renewed since the program’s commencement, ensuring the preservation of affordability for an additional 20 years.

Related Topics:

Up Next

NWS has issued a Flood Watch for portions of southwest Oregon, including the Curry County coast and specifically Brookings, Gold Beach, and the U.S. Highway 101 corridor

Don't Miss

The Oregon Department of Environmental Quality will begin the process to reinstate the Climate Protection Program in the first quarter of 2024 following a December ruling from the Oregon Court of Appeals

Crime & Safety1 week ago

Man arrived to find his girIfriend’s baby on the fIoor after she kiIIed the 8-month-old, and instead of contacting emergency services, he engaged in intrcourse with the mother before leaving the room; sentenced

Crime & Safety3 days ago

Woman inserted paclfier into baby’s mouth while tying the child’s arms, before pIacing the 11-month-old facedown on a bed, only to find him unresponsive one hour later, resulting in his death; sentenced

Crime & Safety3 days ago

Parent, who admitted he was too afraid to follow through and take his own life after kiIIing his aduIt chiIdren and their mother at their famiIy home, was sentenced

Eugene1 week ago

Three-vehicle crash at Barger Drive and Dewey Street results in DUII citation

Eugene1 week ago

Firefighters respond to 3rd alarm blaze in West Eugene, one person injured

Oregon1 week ago

Coyote-palooza returns to Portland for a day of learning and discovery about urban wildlife

Eugene1 week ago

Officer recognized with Delta Rotary Award for outstanding service

Eugene5 days ago

Eugene Police Officers Participate in National Police Week in Washington, D.C.

Eugene Daily Post

The Eugene City Council approved three Low Income Rental Housing Property Tax Exemptions, a decision that will contribute to the creation and preservation of 285 affordable housing units

Oregon

The Eugene City Council approved three Low Income Rental Housing Property Tax Exemptions, a decision that will contribute to the creation and preservation of 285 affordable housing units

You may also like…

City officials remind citizens of early reopening and upcoming repairs on historic Columbia River Highway viaduct

City officials remind citizens about new micro-safe sleep site supporting unhoused individuals

Three responders injured in Oakridge Fire & EMS medic unit rollover crash on Highway 58

Parent, who admitted he was too afraid to follow through and take his own life after kiIIing his aduIt chiIdren and their mother at their famiIy home, was sentenced

Woman inserted paclfier into baby’s mouth while tying the child’s arms, before pIacing the 11-month-old facedown on a bed, only to find him unresponsive one hour later, resulting in his death; sentenced

Governor Kotek responds to revenue forecast, pledges steadfast leadership amid national uncertainty

Eugene Police welcome charter school students for behind-the-scenes visit

Eugene Police Officers Participate in National Police Week in Washington, D.C.

Coyote-palooza returns to Portland for a day of learning and discovery about urban wildlife

Firefighters respond to 3rd alarm blaze in West Eugene, one person injured

Officer recognized with Delta Rotary Award for outstanding service

Trending