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
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.
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Oregon3 days ago
Oregon Sen. Ron Wyden calls out Trump as “not a serious person”, says leadership is chaotic, inconsistent, and lacking real global direction on major international issues
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Eugene3 days ago
Dozens of drivers cited in Eugene crosswalk sting after police decoy pedestrian operation near UO campus
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Eugene1 week agoEight individuals charged in transnational drug trafficking operation spanning Oregon, California, and other states with Eugene Police assistance
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Eugene3 days ago
43-year-old arrested on theft charges after mail taken from River Road mailbox
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Eugene1 week ago
Man taken to hospital after ingesting unknown substance during arrest at Eugene Police facility, authorities say
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Eugene1 week agoEugene police investigate fatal bicycle and vehicle crash on River Road near Rosetta Avenue
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Oregon1 day ago
Gov Kotek’s controversial gas tax plan sparks statewide political firestorm as voters prepare for critical decision, allowing voters to decide whether to uphold or reject the law
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Oregon1 day ago
Oregon Democrats spark statewide political backlash after blaming Trump for gas price surge, as Republicans slam claims and accuse them of dodging responsibility amid rising fuel costs