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.

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.

River Loans - A revolving loan program designed to encourage capital investment within the Riverfront Urban Renewal District by providing funding assistance for projects contributing to renewal and redevelopment of the Riverfront area.

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.
  • 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.

Contact Us

  1. Aaron Doreen


    Business Loan Analyst
    99 W 10th Ave
    Eugene, OR 97401
    Ph: 541-682-5448
    Fx: 541-682-5572
    Email