Committee skeptical state homeownership safe-harbor is realistic for Eugene
Consultant noted state safe-harbor homeownership targets (roughly two-thirds homeownership) would require large numbers of new owner-occupied units in Eugene; members called those targets difficult given current demographics, down-payment barriers and limited market incentives.
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Beth Goodman explained that the state's safe-harbor lens includes homeownership targets that, if followed exactly, would require a substantial shift in the stock of owner-occupied housing. She told the committee the safe harbor implies moving Eugene's homeownership rate much closer to the state goal and presented alternative, more modest approaches that staff consider more plausible for the city.
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