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Klamath Falls sets $1 million housing reserve, targets blight removal and upper-floor housing
Summary
The city budget includes a $1 million housing reserve sourced from sale of the Amazon property and airport-related interest income; funds are targeted to blight removal, downtown upper-floor development, SDC assistance and code amendments to enable more housing types.
The City of Klamath Falls budget sets aside $1 million for a housing reserve to support housing development and blight removal, city staff told the budget committee.
City Manager Jonathan Teichert said the money came from proceeds of the sale of an Amazon property near the airport and interest income from airport projects tied to the Air National Guard.…
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