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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Oregon4 days ago
Oregon Gov. Kotek speaks out after federal judge extended legal block against Postal Service, says President Trump ‘has to follow the law, just like everybody else’
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Eugene1 week ago
Parents arrested after leaving two 16-year-old teens on side of I-105 following verbal dispute involving girl’s boyfriend
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Eugene4 days ago
Oregon Sen. Merkley takes aim at President Trump after announcement of massive 250-foot arch, accuses him of spending Americans’ tax dollars on a monument to his ego
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Eugene4 days ago
Eugene police rescue 15-year-old after woman allegedly takes teen, leads officers on high-speed chase across Oregon before being arrested in The Dalles
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Eugene1 week ago
31-year-old woman arrested for DUII after falling asleep behind wheel, police find fentanyl and methamphetamine in vehicle
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Oregon4 days ago
80-year-old woman taken into custody after allegedly holding a gun under her family member’s chin before striking him twice with the barrel
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Eugene1 week ago
Man arrested after causing disturbance and trying to bypass TSA checkpoint at Eugene Airport
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Eugene1 week ago
Eugene Springfield Fire responds to South Eugene house fire after smoke reported from roof