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