Vertical Housing Development Zone

The Vertical Housing Development Zone program provides qualified development projects a 10-year property tax exemption on the value of new construction or rehabilitation for 20 percent per residential floor above a commercial ground floor with total exemption limited to no more than 80 percent.

Oregon City’s goals for the vertical housing program include:

• Helping fulfill multiple city policies to incentivize higher density, mixed-use and transit oriented development

• Increasing assessed values throughout these areas

• Increasing the number of residents living downtown that will in turn shop, dine and patronize local businesses

• Increasing the number of retail and office business opportunities in response to future residential growth

• Increasing housing affordability and access to affordable housing

• Encouraging sustainable construction.

To learn more about the program and your eligibility, click the button below.