COAR weighs in on Core Area TIF, Bend City Council approves the plan
On August 19, the Bend City Council voted to adopt the Core Area Tax Increment Finance Plan and establish the Core Area Tax Increment Finance Area by a vote of 6-1. The plan identifies up to $195 million in tax increment financing for projects that support the development and redevelopment of the 637-acre Core Area over a 30-year period. COAR supports the Core Area TIF Plan as a valuable tool in helping execute the City of Bend’s UGB expansion and meeting the state’s requirements around density and urbanization. The plan will allow the City to use tax increment financing to provide funding for key projects and programs, including commercial and mixed-use opportunities and a much-needed diversity of housing types. A special thanks to those who responded to COAR’s call for action and contacted the Mayor and City Councilors to express support for the plan.
Bend voters will decide $190 million transportation bond in November
At last week’s meeting, the Bend City Council voted 5-2 to officially place the $190 million transportation bond measure on the November ballot, after pulling it from the May election amid concerns related to the growing COVID-19 pandemic and ensuing economic uncertainty. COAR has maintained support for the bond and testified at the August 19 meeting in support of bringing the measure to voters in the November general election, calling it “a balanced approach addressing a range of transportation needs,” which provides, “critical infrastructure.”
COAR Market Report: Q2 2020
COAR’s latest quarterly market report for the second quarter of 2020 is available on COAR.com under the “Press” tab. This report is developed by COAR with data from the Multiple Listing Service of Central Oregon (MLSCO) and analysis by ECONorthwest.
NAR weighs in, expresses disappointment in Fair Housing changes
The Department of Housing and Urban Development recently unveiled its final rule implementing the “affirmatively furthering fair housing” provisions of the Federal Fair Housing Act, which includes changes that NAR has stated will strip away the rule’s original civil rights purpose, as mandated by the 1968 law. Following the announcement, NAR President Vince Malta issued a statement expressing disappointment in the final rule.
City of Bend mask order and legal advice
The Bend City Council voted to pass an order that allows for the issuance of a local fine to people who refuse to wear a mask in public spaces. The order allows for enforcement of Governor Kate Brown’s statewide mask order on July 15. Under the City of Bend order, a first-time violation would result in a $100 fine, a second offense would be $250, and those cited for the third time would be assessed a $500 fine. In consultation with legal counsel, COAR recommends that members follow both the statewide and City of Bend orders strictly to avoid liability. For more specific recommendations and information on the order, click the link below to read an issue update from COAR.
NAR urges Congress to support rental assistance
NAR has joined a coalition of real estate industry groups to seek relief for multifamily properties. Since the pandemic unemployment assistance ran out, property owners are seeing more and more tenants struggle to make their rent obligations. NAR strongly urges Congress to support rental assistance to ensure families that are financial struggling as a result of the pandemic do not lose their homes. This assistance should be provided directly to housing providers to make their rent payments, and will ensure that rental housing remains sustainable, and property owners are able to fulfil their financial obligations including mortgage payments, insurance, utilities and taxes.
Video: “Advocacy and the Issues in the Age of COVID-19”
If you missed the webinar, “Government Affairs Update: Advocacy and the Issues in the Age of COVID-19,” you can still get the information by viewing the recording. In this webinar, COAR’s Government Affairs Director, Tyler Neese, examines the impact of COVID-19 in Central Oregon and beyond, as well as the state of policymaking during these unprecedented times.