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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Oregon7 days ago
Gov. Kotek calls out Trump administration over “unworkable” federal rollout, says “eligible people could lose health care due to paperwork problems and system failures”
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Oregon7 days ago
Gov. Kotek accuses ICE of repeatedly engaging in “illegitimate activities” and spreading fear after directing Oregon DMV to stop issuing undercover license plates
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Oregon5 days ago
Gov. Kotek reacts to immigration debate, says “Trump’s chaos threatened Oregon” and claims she “took action to protect immigrant and refugee families”
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Eugene7 days agoSkinner Butte summit road and parking lot to remain closed until October due to wildfire concerns
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Eugene7 days ago
Motorcyclist hospitalized after crashing into guardrail near Beltline Highway and Delta Highway ramp, speed believed to be factor
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Eugene5 days ago
Eugene Police respond to motorcycle crash on Beltline Highway on-ramp, rider hospitalized with non-life-threatening injuries
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Oregon2 days ago
Oregon Sen. Jeff Merkley reacts to new Trump admin rule he says could “make it harder for critical workers to get graduate degrees”
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Oregon2 days ago
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