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County hears City of Bend’s three proposed TIF plans for housing; commissioners raise affordability and revenue trade-offs
Summary
Bend staff presented three proposed tax-increment financing areas intended to support roughly 700 housing units, including units restricted at 90% AMI; commissioners asked questions about affordability targets, revenue impacts to county taxing districts and parking/amenity assumptions.
City of Bend staff briefed the Deschutes County Board of Commissioners on April 16 about three proposed tax-increment financing (TIF) plans the city will consider to support four housing developments.
Jonathan Taylor, the City of Bend’s Urban Renewal project manager, said the three proposed TIF areas are meant to finance projects that together could add roughly 700 housing units, with a subset restricted at or below 90% area median income (AMI) for 30 years. Taylor said the proposed projects would contribute to 12% of Bend’s five-year housing goal cited in the 2025 Oregon Housing Needs Assessment and would restrict 153 units at or below 90% AMI. He said improvements are expected on historically underdeveloped parcels and that some projects emphasize local…
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