City of Salem
 

HOME | CITY A-Z | CONTACT US | CALENDARS | EMERGENCIES

Skip navigation links
Director's Office
Downtown Revitalization
Economic Development
Federal Programs
Financial Resources
Enterprise Zone
Multi-Unit Housing Tax Incentive
Special Housing Opportunity Fund
Fairview Pilot Loan Program
Downtown Programs
North Gateway Program
West Salem Grant
Enterprise Map
Parking
Real Property Services
Salem Housing Authority
Urban Renewal Agency
Urban Renewal Areas
Boards & Committees
Contacts
News & Links
Projects
   
Financial Resources 
 

 Enterprise Zones

Enterprise Zones Contact: Tory Banford at 503.540.2445

Learn about Enterprise Zones  

 

 

 

  

Enterprise Zone - Eligible firms located within the boundaries of the Enterprise Zone may be eligible to receive a property tax exemption to encourage the creation of new industrial and manufacturing jobs for the community.  

Electronic Commerce Zone - Eligible firms located within the boundaries of the Enterprise Zone engaged in electronic commerce may be eligible to receive a state income tax credit against the firm’s annual State of Oregon income or corporate excise tax liability.  

Project Bonds - Project specific financing in the form of Project Bonds which may be used to finance both public infrastructure and private development costs of “urban renewal projects.”      

 Federal Programs

Federal Programs Contact: Rena Peck at 503.540.2446

Federal Programs

   

Community Development Block Grant (CDBG) and HOME funds received annually by the City from the U.S. Department of Housing and Urban Development (HUD) are awarded through an annual competitive application process.  

 

 Incentive/Opportunity

Riverfront URA

Contact: Sheri Wahrgren at 503.540.2495


Multi-Unit Housing Tax Incentive Program

   

Multi-Unit Housing Tax Incentive Program - A 10-year property tax abatement for new or converted, transit-supported, non-transient housing units constructed within the core area, which provide one or more public benefits.

Special Housing Opportunity Funds - This program assists with all normal and reasonable soft and hard costs directly associated with rehabilitation and restoration, or construction, of a qualified housing project in the downtown core.  Call Sheri Wahrgren for fund availability before submitting an application

 Fairview Loan

Fairview URA Contact: Tory Banford at 503.540.2445                   


Fairview Small Business Pilot Loan Program

 

 

 

   

Fairview Small Business Pilot Loan Program              Applications are being accepted.

The Small Business Loan Program was created to promote job creation and applies to soft and hard costs directly associated with capital improvements to property located in the Fairview Urban Renewal Area specifically related to the approved project. 

The loan may only be applied to capital expenditures that facilitate traded sector (manufacturing) uses.  Urban Renewal funds applied to approved capital improvements cannot be removed from the Fairview Urban Renewal Area for the duration of its useful life.       

Loan Forgiveness Application                               

 Downtown

Riverfront URA Contact: Sheri Wahrgren at 503.540.2495    

 
Downtown Toolbox program

    

Downtown - The City of Salem is committed to the revitalization and restoration of the Riverfront-Downtown Urban Renewal Area.   To enable creative and flexible approaches to stimulate and finance its vision.  The Riverfront Downtown Urban Renewal Area Capital Grant Program was created as a funding option for riverfront-downtown property owners.  

Loan applications and Grant applications are being accepted.  

 North Gateway

North Gateway Contact: Jill Corcoran at 503.540.2465    

North Gateway Toolbox Program

North Gateway - This program was created to encourage business and property owners to improve their store fronts and properties, and contribute to the North Gateway Urban Renewal Area’s revitalization.

Funds are available as low-interest loans and matching grants. Loan Applications and Grant Applications are being accepted.

 West Salem

West Salem    Contact: Tory Banford at 503.540.2445

West Salem Grant Program

West Salem Redevelopment Grant Program offers grants for permanent interior and exterior building construction to eligible property and business owners located in the West Salem Urban Renewal Area.

 

 Additional Resources

THE CITY OF SALEM
 
Account:
E-Payment
Utility Billing
Tickets & Citations
Court Fees & Fines
SPLASH

Help & Information:
Contact Us
Site Map
A to Z

About the City:
City Manager
City Jobs
Awards
Statistics

Sister Cities:
Gimhae, South Korea
Kawagoe, Japan

Departments:
Budget
Community Development
Fire
Finance
Housing Authority (SHA)
Human Resources
Police 
Municipal Court 
Legal 
Urban Development
Public Works
Information Technology

Permits & Licenses
Building Safety
Chicken License
Permit Search
License Search
Land Use Application
Public Works Permits
Parking Permits

Services:
Human Rights
Library
City Recorder
Parks
Housing & Social Services
Youth Development
Center 50+
Airport
Transportation
Contracts & Procurement
Salem Traffic Cameras

Affordable Housing:
Section 8 Programs
Public Housing Properties
Other Rental Properties

Emergencies:
Natural Hazards Mitigation Plan
Floodplain Information
News & Tools:
City Calendar
RSS Feeds
E-mail Subscriptions
Videos
Emergencies
Road Work Traffic Impacts
Maps

Social Networking:
CCTV
Facebook
Twitter
YouTube
RSS

Make a Difference:
Volunteering
City Council
Neighborhood Associations 
Boards & Commissions



 
     
 Copyright © 2011 City of Salem, Oregon All Rights Reserved
All City pages are maintained by City of Salem employees.
Email comments or suggestions to webmaster@cityofsalem.net
Website Disclaimer | Non-Discrimination | ADA Accommodation | Human Rights & Relations