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Planning commission backs three tax‑increment finance plans to support workforce housing
Summary
The Bend Planning Commission unanimously recommended city council approve three site‑specific tax‑increment finance (TIF) plans — Bridgeridge, Century (Century West & Century Bluff) and Viridian — intended to fund rebates that promote housing affordable to households at about 90 percent of area median income.
BEND, Ore. — The Bend Planning Commission on April 14 recommended that city council adopt three site‑specific tax‑increment finance plans intended to support new housing projects that include affordable units for workforce households.
The commission voted unanimously to forward plans described in staff materials as Bridgeridge (a northwest Bend site), Century (two adjacent projects referred to in staff materials as Century West and Century Bluff) and Viridian (a high‑density site near NorthWest Mount Washington and Shevlin Park Road). Staff said the targeted developments are already in the city’s site‑plan pipeline and that the TIF plans would be used to rebate a portion of the property taxes paid by those projects if they meet the agreed affordability, local sourcing and energy efficiency conditions.
City staff explained that the Bend Urban Renewal Agency adopted a policy enabling property tax rebate assistance for housing developments that provide units affordable to households at roughly 90 percent of area median income (AMI). The proposed TIF plans set maximum rebate terms — in…
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