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Bend‑LaPine board approves property‑tax exemptions for two affordable housing projects
Summary
The Bend‑LaPine School District Board voted to approve 20‑year income‑qualified property‑tax exemptions for Cascade Landing and Verde Pines, after hearing presentations showing limited district fiscal impact and proponents arguing the projects deliver long‑term affordable units for households at or below 60% AMI.
The Bend‑LaPine School District Board on Oct. 14 approved property‑tax exemptions for two 100% affordable housing projects, voting to support the Cascade Landing and Verde Pines developments with motions citing community need and partnership expectations.
Supporters framed the actions as critical to adding long‑term affordable homes near district schools. "This is a smart investment with lasting returns," said Seth O'Connell, a project partner speaking for Verde Pines, noting the proposal would bring "$48,000,000 in direct investment and 128 new affordable homes" and that the units would be rent‑restricted to 60% of area median income for at least 50 years. Tyson O'Connell of United Housing Partners told the board the Verde Pines site is a block from Caldera High School and that the development’s…
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