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Hacienda CDC seeks property tax exemption for 55-unit Lake Grove affordable housing project; board to consider resolution June 30
Summary
Hacienda CDC requested a local property tax exemption for a 55-unit affordable housing project on Boones Ferry; district staff provided an informational briefing and said the board will consider a resolution at its June 30 meeting after collecting additional details about tax impact and student enrollment projections.
Hacienda CDC has requested a local property tax exemption for a 55-unit affordable housing development in the Lake Grove area, and district staff presented the project to the Lake Oswego School Board as an informational item.
Ernesto Fonseca, chief executive officer of Hacienda CDC, said the project would invest nearly $32 million to create 55 units and associated resident services. He estimated the project’s property tax impact would be "about a hundred and $58,000 per year," and the number of students who would live in the development and attend district schools was estimated at roughly "about 32 to 64" depending on household…
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