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Eugene staff say ordinance would expand property tax exemption eligibility to older limited-equity cooperatives
Summary
City staff introduced an ordinance to amend Eugene code to align with 2025 state law that removes an age restriction on limited-equity cooperatives' eligibility for the low income rental housing property tax exemption; the council held a public hearing but received no public testimony.
EUGENE, Ore. — City staff introduced an ordinance to amend the city code so older limited-equity housing cooperatives can qualify for Eugene’s low income rental housing property tax exemption, but the council heard no public testimony on the item at its Oct. 20 public hearing.
City Manager Sarah Madari told the council that in 2023 the council adopted ordinance No. 20697 allowing affordable housing limited-equity cooperatives to be eligible for the city’s low income rental housing property tax exemption (LRPD). She said that prior state law had limited eligibility to…
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