Hacienda CDC seeks tax exemption for 55-unit Lake Grove project; school board asks for fiscal and service details

Hacienda CDC representatives presented a preliminary request that the Lake Oswego School District consider a property tax exemption for a 55‑unit affordable housing development planned in Lake Grove.

What was presented: Ernesto Fonseca, chief executive officer of Hacienda CDC, told the board the project would include 55 units, an approximate $32 million investment in housing and services, and an expectation that the property assessor would calculate an exemption value that translates to roughly $158,000 per year in total property taxes (presenter stated that the county assessor would determine the final number). Hacienda representatives said 10 of the 55 units would be long-term rental‑assistance voucher units and that they expected to house roughly 100–150 people across the property, with an estimate of about 32–64 school‑age children among residents.

Board staff context and estimated…