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Vertical Housing Program

OHCS Home / Multifamily Loans / Vertical Housing Program


The 2005 Legislature passed legislation moving the Vertical Housing Program from Oregon Economic and Community Development Department (OECDD) to Oregon Housing and Community Services (OHCS) beginning in November 2005. The program encourages mixed-use commercial / residential developments in areas designated by communities through a partial property tax exemption. The exemption varies in accordance with the number of residential floors on a project with a maximum property tax exemption of 80 percent over 10 years. An additional property tax exemption on the land may be given if some or all of the residential housing is for low-income persons (80 percent of area median income or below).

Looking to develop affordable housing in your area?
Contact a Regional Advisor at (503) 986-2000

 

Partner Resources

Oregon Administrative Rule (OAR): Vertical Housing Program

Factsheet: Vertical Housing Program

Existing Vertical Housing Zones

Existing Vertical Housing Projects

 

Applications: (for instructions see OAR above)

Vertical Housing Development Zone (VHDZ) Application

Vertical Housing Development (VHD) Project Application

Vertical Housing Development Zone Project Certification & Summary of Buildings

 

For more information:
Don Herman, Program Analyst 
(503) 986-2082

 

Related Resources:

Factsheet: Multifamily Housing Section​

List of Approved Market Analysts

Grant and Tax Credit Programs

 
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