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Bend staff proposes 12‑month housing funding committee to vet local revenue tools
Summary
City staff outlined a menu of housing finance tools — from Measure 102–enabled bonds to credit enhancement and deed‑restriction programs — and asked council to authorize a 9‑member advisory panel to study options and return recommendations within a year.
City of Bend staff on Tuesday laid out a range of local financing options for affordable and middle‑income housing and asked council to back a new “HOME” committee — Housing Options Made — to evaluate the tools over the next 12 months.
The presentation opened with Matt Stewart, the city’s real estate and facilities director, and Rachel Baker, housing division manager, summarizing production and affordability gaps identified in the Oregon Housing Needs Analysis and recent HUD area median income figures. Stewart said Bend has produced about 1,260 affordable housing units since 2007 and noted the city’s 10‑year average of about 1,100 housing units per year falls short of the region’s near‑term need.
Bond counsel Chris Reynolds and public finance adviser Mike Schrader described legal and tax‑code constraints and the financing…
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