Item C: Multi Unit Property Tax Exemption Program

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Low-income housing. Housing which is affordable to families or persons whose income is low, i.e., income which is no more than 80% of the median income of families or persons in Lane County, Oregon as determined by the U.S. Department of Housing and Urban Development or its successor. Low-income housing assistance contract . An agreement between a public agency and a property owner that results in the production, rehabilitation, or preservation of housing affordable to those with a defined level of household income. Multiple-unit housing. (1) Housing subject to a low-income housing assistance contract with an agency or subdivision of this state or the United States; or (2) Newly constructed structures, stories or other additions to existing structures and structures converted in whole or in part from other use to dwelling units that meet the following criteria: (a) The structure must have five or more dwelling units; (b) The structure must not be designed or used as transient accommodations, including but not limited to hotels and motels; and (c) The structure must have those design elements benefiting the general public pursuant to subsection (1) of Rule R-2.945-G. Potential historic structure. Any building or structure which is older than 50 years in age and located in an area of the City which has not been canvassed as part of an historic resource survey acknowledged by the Eugene Historic Review Board and the State Historic Preservation Office. R-2.945-B Program Purpose and Boundaries. 1. The purpose of the program is to: 1.1 Stimulate the construction of transit supportive multiple-unit housing in the City’s core area to improve the balance between the residential and commercial nature of the area, and to ensure full-time use of the area as places where citizens of the community have an opportunity to live as well as work; 1.2 Encourage the development of vacant or under utilized sites in core areas, rather than sites where sound or rehabilitable multiple-unit housing exists; 1.3 Encourage the development of multiple-unit housing, with or without parking, in structures that may include ground-level commercial space; 1.4 Encourage the development of multiple-unit housing, with or without parking, on sites with existing single-story commercial structures; 1.5 Encourage the development of multiple-unit housing, with or without parking, on existing surface parking lots; and