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Council approves 20-year property-tax exemptions for Cascade Landing and Verde Pines affordable housing
Summary
The council authorized two qualified low-income property-tax exemptions to support two affordable rental projects: Cascade Landing (98 units) and Verde Pines (128 units). Both will have long-term deed restrictions and participate in compliance monitoring.
The Bend City Council adopted two resolutions approving 20-year property-tax exemptions for two affordable-housing projects: Cascade Landing and Verde Pines.
Carrie Bell, the city’s affordable-housing coordinator, said the exemptions use a state-authorized program that requires units to be deed restricted to households at or below 60% of area median income (AMI), and that legislative and local approvals are required. The…
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