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<br />Housing Dispersal Policy <br /> - While the proposed housing is not considered subsidized housing for the <br />purposes of the Housing Dispersal Policy as the policy defines low-income as those at 50 percent AMI <br />and this development targets those at 60 percent AMI, the policy seeks to maximize housing choices for <br />low-income families and integrate subsidized housing throughout the City of Eugene. Evergreen <br />Housing is providing an additional 216 units of affordable housing along a transit corridor, close to <br />employment, schools, and services. <br /> <br />Envision Eugene <br />– The Envision Eugene Community Vision was endorsed by the City Council on June <br />13, 2012. The vision identifies strategies and goals (pillars) that help the City of Eugene plan for growth <br />over the next 20 years. The housing affordability pillar includes strategies to meet the growing and <br />changing housing needs of Eugene residents by increasing the proportion of multi-family housing in the <br />community (adjusting the housing mix), densifying residential development along key transportation <br />corridors, and supporting subsidized affordable housing developments. Continuing to provide property tax <br />exemptions to low-income rental housing developments was identified as an action to help successfully <br />implement these strategies. <br /> <br /> <br />COUNCIL OPTIONS <br /> <br />City Council may approve or deny the tax exemption. <br /> <br /> <br />CITY MANAGER’S RECOMMENDATION <br /> <br />The City Manager recommends the approval of the resolution granting a 20-year low-income rental <br />housing property tax exemption for the property located adjacent to 1410 River Road, Eugene, Oregon <br />(Assessor’s Property Account Number 1837937). <br /> <br /> <br />SUGGESTED MOTION <br /> <br />Move to adopt a resolution approving a 20-year low-income rental housing property tax exemption for the <br />property located adjacent to 1410 River Road, Eugene, Oregon (Assessor’s Property Account Number <br />1837937). <br /> <br /> <br />ATTACHMENTS <br /> <br /> <br />A.Report and Recommendation <br /> <br />B.Resolution 5028 - Standards and Guidelines for Low-Income Rental Housing Property Tax Exemption <br /> <br />C.Resolution to approve the tax exemption <br /> <br />D.Resolution to deny the tax exemption <br /> <br /> <br />FOR MORE INFORMATION <br /> <br />Staff Contact: Becky L. Wheeler <br />Telephone: 541-682-5532 <br />Staff E-Mail: becky.l.wheeler@ci.eugene.or.us <br />S:\CMO\2012 Council Agendas\M121126\S1211267.doc <br />