Lake Oswego leaders advocate for tax exemption supporting Hacienda CDC's affordable housing project

The Lake Oswego School District Board is considering a significant property tax exemption for Hacienda Community Development Corporation (CDC) aimed at supporting affordable housing in the area. This proposal, which has garnered strong community backing, seeks to address the pressing issue of housing affordability and homelessness among families in Lake Oswego.

During the recent school board meeting, community members, including representatives from Respond to Racism and local residents, passionately advocated for the tax exemption. They emphasized the urgent need for affordable housing, particularly for families earning low incomes. John Devlin, a local resident and board member of Path Home, highlighted the stark reality that many working families struggle to afford housing, with some needing to work excessive hours just to meet rent. He pointed out that Oregon has one of the highest rates of child homelessness in the nation, with over 22,000 students classified as homeless in the last school year.

The proposed development by Hacienda CDC aims to provide 55 affordable apartments, including units specifically designed for families. The tax exemption, estimated at just under $40,000 annually, would help ensure that rents remain affordable for residents earning between 30% and 60% of the area median income. Supporters argue that this initiative not only addresses immediate housing needs but also aligns with the school district's mission to foster a culture of belonging and inclusivity.

Mayor Joe Buck also voiced his support, noting that the city council had already approved a similar tax exemption. He underscored the importance of community diversity and the role of affordable housing in strengthening the social fabric of Lake Oswego. Buck urged the school board to consider the long-term benefits of supporting such developments, which can lead to a healthier environment for all residents.

As the school board deliberates on this proposal, the community's call for action reflects a growing recognition of the need for inclusive housing solutions that can provide stability for families and enhance the overall well-being of Lake Oswego's residents. The decision on the tax exemption is expected to have lasting implications for the community, particularly for its most vulnerable members.