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January 27, 2019, Meeting – Item 2C EUGENE CITY COUNCIL AGENDA ITEM SUMMARY Adoption of a Resolution Approving a Low-Income Rental Housing Property Tax Exemption Renewal for Oakwood Manor Meeting Date: January 27, 2020 Agenda Item Number: 2C Department: Planning and Development Staff Contact: Ellen Meyi-Galloway www.eugene-or.gov Contact Telephone Number: 541-682-5532 ISSUE STATEMENT City Council is asked to adopt a resolution for a 20-year Low-Income Rental Housing Property Tax Exemption renewal for Oakwood Manor, located on Oak Patch Road. The property was acquired and rehabilitated by Oakwood Manor Limited Partnership with St. Vincent de Paul Society of Lane County, Inc., as general partner. Oakwood Manor first received a LIRHPTE in 2000 when the development completed rehabilitation. The property has provided affordable rental housing for people with limited incomes since 2000. BACKGROUND The City adopted the LIRHPTE program in 1990. Council approved tax exemptions for 33 affordable housing developments with over 1,400 units since adoption. Council unanimously approved extending the 20-year LIRHPTE program for an additional 10 years in 2011. The approved ordinance also enables recipients to apply for an additional 20-year LIRHPTE after the initial 20-year period has expired. Council reviews each tax exemption request on a case-by-case basis. Most recently, City Council approved a new LIRHPTE for Ya Po Ah Terrace in July 2018, and a LIRHPTE renewal for Woodleaf Village in June 2018. Projects must meet 10 criteria, including requirements for rents and incomes limited to households with incomes at or below 60 percent of area median income. If an application meets the substantive criteria [Eugene Code 9.239(3)(a)-(i)] as referenced in the Report and Recommendation (Attachment A), the City must grant the exemption by resolution (Attachment B). A decision to deny the exemption cannot be made by simple motion or inaction; it would need to be made by a resolution (Attachment C) explaining how the applicant failed to demonstrate that the tax exemption is in the public interest. Summary of Requested Tax Exemption Renewal The requested tax exemption renewal is for Oakwood Manor, a 71-unit low-income housing development with an on-site manager located at the border of Far West and Churchill Area neighborhood (map in Attachment D). Since 2000, St. Vincent de Paul has rented the apartments to low-income households earning at or below 60 percent of area median income, at affordable rents. The current tax exemption will expire June 30, 2020.