Loans and Incentives

Supporting Economic Growth Through Loans and Incentives
To support economic growth, the City of Eugene works with businesses and developers using available tools.
   
Loans
Arts & Business Loan Program - This loan program provides loans to aid arts organizations and artists, as well as small, specialty creative and arts-related businesses. housing is not required to be rental housing.

Downtown Revitalization Loan Program (DRLP) - Flexible financing program designed to encourage investments within the Downtown Urban Renewal District that contribute to the economic vibrancy and density goals for downtown.

City of Eugene Business Development Fund (BDF) - Provides loans to new and existing Eugene businesses that are creating jobs in our community.


Tax Exemptions
  • 20-year Low-income Rental Housing Property Tax Exemption Program (LIRPTE) - The 20-year Low-income Rental Housing Property Tax Exemption Program (LIRPTE) provides a 20-year exemption from ad valorem taxes for properties offered for rent or held for the purpose of developing low-income rental housing.Applicants requesting a 20 year exemption are not required to be a nonprofit in certain instances.
  • Low-income Housing Property Tax Exemption Program (LITE) - The City of Eugene's Low-income Housing Property Tax Exemption Program (LITE) provides an annual exemption from ad valorem taxes for properties that are occupied by low-income persons and used for the purposes of a nonprofit corporation. This housing is not required to be rental housing.
  • Multi-Unit Property Tax Exemption (MUPTE) - A 10-year property tax exemption to stimulate the construction of multi-unit housing in key areas and to ensure use of the core area as a place for people to live and work.
  • Vertical Housing Development Zone - A 10-year property tax exemption for "mixed-use" housing projects to encourage dense urban-style development or redevelopment.
  • West Eugene Enterprise Zone -  A 3-5 year tax exemption with the primary purpose of  stimulating new investments that create jobs in the zone. Eligible new investments within the Zone can be exempted from property taxes for a period of three years, and potentially up to five years.
ePark program logoParking
How can you get cheaper employee parking? Ask for a bulk permit! The City offers discounted parking permits in bulk as an encouragement for development and re-tenanting vacant office space in the downtown area.

For more information, please contact Denny Braud at 541-682-5536.
For Downtown development related loans and incentives, see the Downtown Loans and Incentives page.