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Bend Urban Renewal Agency adopts fee, launches Core Area Revitalization Effort and approves two development assistance agreements
Summary
The Bend Urban Renewal Agency on Oct. 1 adopted a set of measures including a 1% origination fee for affordable housing loans, creation of a Core Area Revitalization Effort grant program (delegated to the Core Area Advisory Board), and approval of two development assistance agreements totaling roughly $5.5 million in potential assistance.
The Bend Urban Renewal Agency (Burra) met Oct. 1 and took several actions to implement grants, fees and development assistance across multiple urban renewal districts.
Fees: Burra adopted a resolution establishing program fees for FY 2025–26 that applies a 1% origination fee to affordable housing loan applications; staff said the fee covers loan processing costs and will be administered in partnership with NeighborImpact for low‑income assistance programs.
Core area grant program (CARE): Burra voted to rescind the existing Core Area Business Assistance Program and replace it with the Core Area Revitalization Effort (CARE) grant program, a 50% matching grant with awards up to $50,000 per project and a rolling application…
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