Financing Affordable Housing Subsidies in Sisters, Oregon: Creative Options and Evaluation of Potential Municipal Revenue-Generating Activities
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Date
2022
Authors
Skawski, Chris
Lewis, Rebecca
College of Design, University of Oregon
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon
Abstract
This report contains the collected work
of graduate student groups in PPPM 629:
Public Budget Administration over the
course of fall term 2022. These student
groups conducted research to evaluate
and forecast productivity of revenue
generating activities for consideration
by the city of Sisters to augment their
Affordable Housing Reserve Fund. The
revenue sources presented in this report
were selected for their productivity, or
other factors related to the tax or revenue
generating activity that make them
particularly attractive options. Revenue
sources are presented and described,
forecasts for expected revenue are
presented, and analysis offered for City
staff. Major highlights of this work include: Each revenue source has tradeoffs.
Some that are particularly productive
may have negative impacts on economic
activity within the City. Sources that may
be particularly well-aligned with the end
goal of raising affordable housing funds
may not be especially productive. Student recommendations include
adopting the Construction Excise Tax
because of its low administrative burden
and generally strong productivity
estimates. Several of the revenue recommendations
raise questions that the City may not
be able to answer alone. It may be that
exploring these options fully involves
engaging nearby jurisdictions. No single strategy will solve the issue
of housing affordability. City staff and
leaders may need to mix and match
revenue-generating activities to create
a comprehensive strategy for long-term
revenue.
Description
100 pages
Keywords
City of Sisters, Paiute, Warm Springs, Wasco