Urban Renewal

Urban renewal is a financial tool that funds projects and activities in an urban renewal area which have been identified in an urban renewal plan. The purpose of urban renewal is to make public investments in designated geographic areas to remove blight, to improve property values, and to leverage private investment. Public investments spur redevelopment in areas where it might not otherwise occur.

Urban renewal uses Tax Increment Financing to improve and redevelop designated areas of a city by reinvesting the increase in the area’s property taxes. When an urban renewal area is created, the assessed property value within the district is set (or “frozen”), and those taxes continue to go to the taxing jurisdictions (such as city, county, school district). Any increase in the tax assessed value that occurs in that area (referred to as the “increment”) is collected by the urban renewal district to use for redevelopment projects identified in the urban renewal plan. Each plan includes a timeline and/or funding capacity (called “Maximum Indebtedness”), under which it must operate. When the projects in a plan are complete and funding is expended, the area closes and the taxing jurisdictions begin receiving their full share of taxes.

2020 Urban Development Annual Report

What's Happening
Jun. 14
Urban Renewal Agency Meeting6:00 p.m.10:00 p.m.Virtual Meeting

Regular Meeting of the Urban Renewal Agency

Agenda:

https://salem.legistar.com/Calendar.aspx

Phone: 503-588-6097

This is an open, public meeting or public hearing at an accessible location. Special accommodations are available, upon request, for persons with disabilities. Services may be requested for sign language interpretation or languages other than English. To request accommodations or services, please call 503-588-6097 at least two business days prior to the meeting.

Jun. 28
Urban Renewal Agency Meeting6:00 p.m.10:00 p.m.Virtual Meeting

Regular meeting of the Urban Renewal Agency

Agenda:

https://salem.legistar.com/Calendar.aspx

Phone: 503-588-6097

This is an open, public meeting or public hearing at an accessible location. Special accommodations are available, upon request, for persons with disabilities. Services may be requested for sign language interpretation or languages other than English. To request accommodations or services, please call 503-588-6097 at least two business days prior to the meeting.

Jul. 12
Executive Session of the Urban Renewal Agency5:30 p.m.5:45 p.m.Virtual Meeting

Executive Session - ORS 192.660(2)(e) - Real Property Transactions

Agenda: An agenda for this meeting is not yet available.

Phone: 503-588-6097

This is an open, public meeting or public hearing at an accessible location. Special accommodations are available, upon request, for persons with disabilities. Services may be requested for sign language interpretation or languages other than English. To request accommodations or services, please call 503-588-6097 at least two business days prior to the meeting.

Jul. 26
Urban Renewal Agency Meeting6:00 p.m.10:00 p.m.Virtual Meeting

Regular Meeting of the Urban Renewal Agency

Agenda:

https://salem.legistar.com/Calendar.aspx

Phone: 503-588-6097

This is an open, public meeting or public hearing at an accessible location. Special accommodations are available, upon request, for persons with disabilities. Services may be requested for sign language interpretation or languages other than English. To request accommodations or services, please call 503-588-6097 at least two business days prior to the meeting.

Contact us

Urban Development Department
Monday–Friday
8:00 a.m.–5:00 p.m.
350 Commercial ST NE
Salem OR 97301
Phone: 
TTY/TDD: 
Sign up for mailing list: 
Urban Development updates