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Staff updates BDAB on target-sector analysis and reports five applications for housing-focused urban-renewal assistance
Summary
City staff reviewed a draft target-sector analysis, outlined next steps for an economic-opportunities analysis, and said the Bend Urban Renewal Agency had received five applications in the first quarter for tax-increment assistance targeted at housing affordability.
City planning and economic-development staff gave the Bend Economic Development Advisory Board a status update on the target-sector analysis and on tax-increment/urban-renewal assistance applications.
Target-sector analysis and next steps
Damien Srinick, senior planner, presented a January 2025 draft of the city’s target-sector analysis and said the consultant Echo Northwest would supply an additional recommendations section in mid‑February. Srinick asked board members to review the draft during February; staff plans to bring a final report and any recommended next steps into the council schedule in April (it may be delayed to May because of budget season). The target-sector work will inform a later economic-development strategy and the upcoming Employment Opportunities Analysis (EOA).
Tax-increment assistance (TI A/urban renewal) applications
Staff reported that five applications had been received in the first quarter for urban-renewal tax-increment assistance focused on housing affordability. Bend Urban Renewal Agency will review applications on Feb. 19 and staff said they would bring material in March with more detail about unit counts and AMI targeting. Staff noted these first-round applications were for housing-affordability tracks rather than job-creation tracks.
Board engagement
Srinick and other staff asked BDAB to review the target-sector draft and provide feedback in February; staff will present final recommendations and discuss how target sectors might be applied to incentive programs (including TI A and urban-renewal tools) in the March packet. Board members suggested broader distribution of the report to partners for feedback and emphasized aligning the study’s output with the city’s upcoming growth-plan process and council goal‑setting.
Ending
Staff will circulate the final Echo Northwest recommendations and return to BDAB in March for a formal recommendation to council on the target-sector analysis and for more detail on the urban-renewal applications.
