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Vertical Housing Program

OHCS Home / Multifamily Loans / Vertical Housing Program


The 2017 Legislature passed legislation moving the administration of Vertical Housing Program from Oregon Housing and Community Services (OHCS) to the local City and County beginning Oct 6th, 2017. OHCS no longer administers this program. To learn more about the program please contact your local jurisdictions.

History:

The Vertical Housing Program first began in 2003 under the administration of Oregon Economic and Community Development Department (OECDD), now known as Business Oregon.

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.

Information about Vertical Housing:

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).

Previous administration program documents:

The following documents are provided here as a guide and reference to the offices of local jurisdictions that now operate this program. These materials were applicable to a previous version of statute and rule that have now undergone large changes. The following documents were generated by OHCS during its administration of the program. Local jurisdictions may use, adopt, augment, and change the following documents for their own purposes as they see fit understanding that certain aspects of these tools may no longer apply. OHCS will continue to support Oregon as a source of information about the program for as long as knowledge in our department remains applicable. 

Sample Documents:

  00 Process (SOP) Vertical Housing Program OAR 813

  0 Vertical Housing Project Application

  1 Review Form Project App Checklist

  2 Calculator - Vertical Housing Project Certification

  3.1 Conditional Confirmation Prospective Exemption

 3.2 Sample Project Certification Correspondence​

  3.3 Sample PUA Rev. Jul2016

  4 Courtesy Signing Escrow Instructions

  5 VHD Certificate Template - New Logo

  6 2016 Vertical Housing Program Certification

  7 SAMPLE Compliance Notices in DISH​

 

For more information: 
Edward Brown​, Program Analyst
(503) 986-2082

 

Related Resources:

Factsheet: Multifamily Housing Finance Section​​

List of Approved Market Analysts

Grant and Tax Credit Programs

 
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