Grants Pass became the 1st community in the State of Oregon to implement a Vertical Housing Development Zone in an attempt to offer incentives for investment in multistory downtown historic buildings.
Incentives
Downtown building owners wishing to convert upper-stories into residential use may qualify for partial property tax abatement for up to 10 years through this state-administered program. One or more ground floors must be used for commercial purposes with 1 or more residential floors located above the commercially used floors.