[{"_1":2,"_100":-5,"_101":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6252085,"mediaKeyId","3191415-4b7ee8a4ae56fbd38b93e31dd00d8cd0","parentId",3191415,"title","Committee reopens hearings on three property‑tax exemption sunset extensions; work session likely for vertical housing credit","audioSeconds",168,"startMs",1169740,"endMs",1338000,"viewUrl","/Search/View?dp=1&key=3191415-4b7ee8a4ae56fbd38b93e31dd00d8cd0&start=1169&end=1338","thumbnailUrl","https://assets.pipeline.soar.com/3191415-4b7ee8a4ae56fbd38b93e31dd00d8cd0/thumbnail_1169740.jpg","articleUrl","/articles/6252085/Oregon/Committee-reopens-hearings-on-three-propertytax-exemption-sunset-extensions-work-session-likely-for-vertical-housing-credit","mediaUrl","https://secure.pipeline.soar.com/6252085-8afe752a08a862f06c6e5a98d66620fd/orig.mp4?Expires=1771164432&Signature=NcI5J5Kk5pHcMldlnBJ2Qi9CrpY~ifnlNZ0Q5LL8u9cWf74qXNDXwMUFwpfGB8FHVdmu6p7djvUIhXl2gcLQ5CqSWWEkdaKnnLkNe5Z1EGVBvvVdpB~MlPZqlCmXHHGYXz3xQ2UHHQ8uVQJO9ZpN3TQnlWMvI~lBnNpApWdTJu1tQHK4UoQl8VF9-2VgbLE4sr2Q7oxEgdIL9unsr1dmKECwKswE7ojMaILj80ZxKzh3S5yxMii4LRFhpwDGHkHDdRLo-dZEDKvlRgP0ElByNupIENb6j~oN4v8XtXlNty~TiLJjrvofKZs593l-ZvYgyUdp2~PzfQXtEvnA46ugOQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Oregon Legislature","date","2025-05-05T00:00:00Z","article","On May 5 the Senate Committee on Finance and Revenue convened public hearings on three related bills that would extend property‑tax exemptions for housing projects.

House Bill 2,074 would remove the sunset on the vertical housing development property tax exemption, moving the program’s sunset to Feb. 19, 2031. Committee members noted HB 2,074 had been heard previously on Feb. 5 in the form of Senate Bill 117 and indicated they expect to schedule a work session soon.

House Bill 2,077 would extend the nonprofit low‑income housing exemption by moving the sunset six years from 2027 to Feb. 19, 2033; the committee recalled that this measure had been heard previously as Senate Bill 104 and that no witnesses were signed up on May 5.

House Bill 2,078 would extend the property tax exemption for rehabilitated multiunit rental housing by moving the sunset from 2027 to Feb. 19, 2033; the committee noted this bill had been heard in the form of Senate Bill 118 on Feb. 5.

Chair Meek closed the public hearings after brief discussion; no votes were taken on May 5. Committee members described the programs as generally favorable and indicated continued consideration in upcoming committee work sessions.

Why it matters: The three bills maintain existing tax incentives intended to support vertical housing development, nonprofit affordable housing, and renovation of multiunit rental housing; extending sunsets preserves those incentives while the Legislature considers longer‑term housing policy.","mediaType","Video","parentTitle","Senate Committee On Finance and Revenue 05/05/2025 8:00 AM","oneSentenceSummary","The Senate Committee on Finance and Revenue reopened public hearings on House Bills 2,074, 2,077 and 2,078, each of which would extend existing property‑tax exemptions for different housing programs; committee members noted these bills were previously heard on Feb. 5 and signaled a work session would be scheduled for the vertical housing measure.","taxTitle","Finance and Revenue, Senate, Committees, Legislative, Oregon","taxId",17809,"location","Oregon","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6252090,"City of Eugene, co‑op residents back bill to allow older limited‑equity housing co‑ops to access property tax exemption",1212,151990,1364000,"/Search/View?dp=1&key=3191415-4b7ee8a4ae56fbd38b93e31dd00d8cd0&start=151&end=1364","https://assets.pipeline.soar.com/3191415-4b7ee8a4ae56fbd38b93e31dd00d8cd0/thumbnail_151990.jpg","/articles/6252090/Oregon/City-of-Eugene-coop-residents-back-bill-to-allow-older-limitedequity-housing-coops-to-access-property-tax-exemption","https://secure.pipeline.soar.com/6252090-5ad3d721f3ecae3f60e7ae8d5a0eeb60/orig.mp4?Expires=1771164432&Signature=eFvMzg35kk0DoX8vxfPsULHQirhyF5KOyyciR8KaBEJiPYCK4siU1MTdTpbDI6EaVEeSOClnxxNgfaRkzzl8fLjeCfANRf0Axo5Sdb8DUJ55-rToMVMIaVoWswqo9L0PNMpiCoyKGKJgRTzRYfSjWxwOI9XH7kU7LRCN3E8AHK-lpJMOZhwkfYPX7QMqghnd0eiQe0DUBAh4U1ob8fSs0almGyZsKp-A7IkS-GxGfEB0Mrj27pGAEh3pDGoQbf~5Tx52z2Wqr1GZ7uZfTWOHqelGnahlKdOF1Qp3rBy1ReOxZMw8Bv6~9HBrnrvxVNso0-Q9Eyf7yvLXFLZo9GlU2A__&Key-Pair-Id=KUT5TJCACFTXG","The Senate Committee on Finance and Revenue heard testimony May 5 on House Bill 3,232, a measure that would remove a date restriction from Oregon’s low‑income rental housing property tax exemption so existing limited‑equity housing cooperatives can qualify.

Kari Johnson of Eugene testified in support, saying many limited‑equity cooperatives benefited from the 2023 change in law (House Bill 2,080) and that the current bill would extend that benefit to co‑ops formed before a city or county adopted an exemption program. “Being included in the law will enable the East Blair Housing Co‑op and other similar co‑ops to make expensive infrastructure repairs without raising monthly charges beyond what members can pay,” Johnson said.

Johnson described Square 1 Villages in Eugene as an example of nonprofit cooperative housing that produced hundreds of tiny houses and said limited‑equity co‑ops create “enormous societal value by supplying low income housing in a way that strengthens villagers dignity and self determination.”

Ethan Nelson, intergovernmental relations manager for the City of Eugene, also offered the city’s support and said East Blair Housing Co‑op was founded in 1981 and has about 22 units of affordable housing; the city filed written testimony in support to the legislative record.

Chair Meek left the public hearing for HB 3,232 open briefly to allow testimony and closed the hearing later the same day; the committee did not take a vote during the May 5 session.

Why it matters: Supporters said removing the date restriction will allow long‑standing limited‑equity cooperatives to access a property tax exemption that can lower capital‑repair barriers and protect affordability. No opponents spoke at the May 5 hearing.","Witnesses told the Senate Finance and Revenue Committee House Bill 3,232 would remove a date restriction so limited‑equity housing cooperatives formed before a city's exemption program could qualify; the City of Eugene and co‑op residents said the change would help cover rising repair costs without raising member charges.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6252095,"Senate committee hears competing views as bill would revive historic property tax special assessment",743,280530,1024000,"/Search/View?dp=1&key=3191415-4b7ee8a4ae56fbd38b93e31dd00d8cd0&start=280&end=1024","https://assets.pipeline.soar.com/3191415-4b7ee8a4ae56fbd38b93e31dd00d8cd0/thumbnail_280530.jpg","/articles/6252095/Oregon/Senate-committee-hears-competing-views-as-bill-would-revive-historic-property-tax-special-assessment","https://secure.pipeline.soar.com/6252095-d4d105bfb72dd26f412d36ea987c6426/orig.mp4?Expires=1771164432&Signature=f7b3Wd2dKHfpDY6X6JfF8QUkio4GnfNsHhjIBU71KzMfGLQKErjk-1UzfxRNV83OEepFAX1UprbyrP7RCvxEsR4CWVXK91QPIIh-nwJ8MhmKFnhORd0MpQmUVwbGjL-jW~l08YSDilYiz8Wcp0cq8V5uwltAMbbsOBccbZXJA1tx7QO72R1yD2aST2Nj9uxTvhBc~5dC5Hs9dTemvlMFd19v38nRfjEcgK8AdSLzmVGjWmvCKspsEXZJhnApPnbMs-30L11QLfr23HfV-L8vXOOFSUr3PBPx~xhF~HAcYokxnnDr1MTEptAUz6kHwO9D48cbTbRmDLkiMx3UrNVB1g__&Key-Pair-Id=KUT5TJCACFTXG","The Senate Committee on Finance and Revenue on May 5 heard testimony for House Bill 3,190A, which would reactivate and change Oregon’s Historic Property Special Assessment Program for commercial properties.

Supporters said the incentive would help preserve and reactivate older commercial buildings, enable upper‑floor housing and sustain downtown economies. “This incentive will be a viable part of helping our downtowns and commercial corridors to continue to be vital contributors to community prosperity,” said Nicole Posert, executive director of Restore Oregon.

Advocates described small, historic commercial buildings as cultural assets that face high repair costs, including seismic upgrades that do not boost rents. “Many of them require seismic upgrades and seismic upgrades don't really add to the rental value,” said John Russell, managing partner of Russell Fellows Properties, recounting why special treatment may be needed for small historic structures.

The Cultural Advocacy Coalition of Oregon also testified in support, saying HB 3,190A could leverage existing revitalization programs and spur housing production in underutilized upper floors.

A representative of Tax Fairness Oregon urged caution. Steve Wright told senators the amended bill expands eligibility and allowable expenditures in ways that could permit repeated exemptions for single‑family rental homes or multiunit rentals in historic districts. He characterized the changes as extensive and recommended close review, saying the bill could reduce state and local revenue. “The revenue impact of the proposed legislation for the 2025–27 biennium is $400,000 and increases to $1,000,000 per annum,” Wright testified.

Committee Chair Meek opened and closed the public hearing after witnesses testified; no formal committee action or vote was taken during the session. Senators asked clarification questions but did not advance the bill on the floor that day.

Why it matters: Supporters say the program provides a targeted financial tool to keep older commercial properties in active use and to encourage housing in downtown cores; opponents say the amended language broadens eligibility too far and could erode tax revenues and create inequities between rental owners and owner‑occupied properties.

The committee record shows proponents emphasizing cultural and economic benefits and at least one organized fiscal concern about expanded eligibility and long‑term revenue effects. No vote or formal referral was recorded at the May 5 hearing; the committee indicated the bill would remain under consideration.","Supporters told the Senate Committee on Finance and Revenue that reactivating the Historic Property Special Assessment Program would help downtown revitalization and preserve small historic buildings; an opponent warned the amended bill could be exploited by rental owners and estimated a modest but material revenue loss.","actionData","errors"]

Article not found

Committee reopens hearings on three property‑tax exemption sunset extensions; work session likely for vertical housing credit

City of Eugene, co‑op residents back bill to allow older limited‑equity housing co‑ops to access property tax exemption

Senate committee hears competing views as bill would revive historic property tax special assessment