WEATHER IN LINCOLN COUNTY

 

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Governor Brown signs bill to help Habitat for Humanity and others to build more affordable housing.

Coast Rep. David Gomberg, D-Lincoln City

Coast Rep. David Gomberg, D-Lincoln City

Rep. Gene Whisnant  Deschutes County

Rep. Gene Whisnant
Deschutes County

Governor Kate Brown on Tuesday signed HB 2690, a bill strongly supported by state Reps. David Gomberg (D-Lincoln City) and Gene Whisnant (R-Sunriver). Now signed by Governor Brown, it allows property tax exemptions for well established non-profit housing developers – developers that acquire land for strictly for building affordable housing.

“Many of us have constituents — maybe even family or friends — who have experienced housing insecurity or homelessness,” Gomberg said. “This bill will make it easier for groups like Habitat for Humanity to provide decent affordable housing to people in that situation.”

HB 2690 allows nonprofits to hold such lands exempt from property taxes for seven years from the time of application give those organizations more time to seek and find the financial where-with-all to proceed building affordable housing.

During the past three years, Habitat for Humanity affiliates in Oregon built and sold 212 homes, providing first-time affordable home ownership opportunities for hardworking families,” said Laura Ahrens of Oregon Habitat for Humanity. “As a result of this tax exemption, Habitat for Humanity affiliates in Oregon will save approximately $200,000 each year, money that will now be used to serve more low-income families faster.”

“We are thrilled by the support from Rep. Gomberg and Rep. Whisnant whose dedication to passing HB 2690 empowered proven non-profits throughout Oregon to serve more families in need of affordable housing.”

“During the past three years, Habitat for Humanity affiliates in Oregon built and sold 212 homes, providing first-time affordable home ownership opportunities for hardworking families,” according to Laura Ahrens, Oregon Habitat for Humanity. “HB 2690 will allow Habitat affiliates to hold property tax-free from the point of acquisition until the property and the new
home are sold to Habitat home buyers. As a result of this tax exemption, Habitat for Humanity affiliates in Oregon will save approximately $200,000 each year, money that will now be used to serve more low-income families more quickly.

We are thrilled by the support from Rep. Gomberg and Rep. Whisnant whose dedication to passing HB 2690 empowered proven non-profits throughout Oregon to serve more families in need of affordable housing.”

“The seven-year exemption window, with an extra three years for special circumstances, gives groups like Habitat extra support whenever the economy is weak,” said Rep. Whisnant. “Cities and counties will recover the taxes on the undeveloped land when the family moves into the home. This bill will provide affordable housing for urban and rural communities.”

The bill was developed collaboratively with Habitat for Humanity, the Association of Oregon Counties, the Oregon Tax Assessors Association, the City of Beaverton and the League of Oregon Cities.

It includes strict requirements that ensure only proven low-income housing developers qualify, and a strong clawback provision to keep non-profits accountable to their development goals.

For information contact Rep. Gomberg or Rep. Whisnant at rep.davidgomberg@state.or.us and rep.genewhisnant@state.or.us respectively.

 

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