The HOLTE program helps make buying a home more affordable!
One of Portland’s affordable housing solutions is the HOLTE program. The Homebuyer Opportunity Limited Tax Exemption (HOLTE) program is a tax relief program to help provide more affordable housing opportunities in Portland. Eligible homes receive a a ten-year property tax exemption on structural improvements to the home as long as the property and owner remain eligible per program requirements. In more understandable terms, you only have to pay taxes on the land itself based on the value prior to the home being built. The buyer gets to enjoy those tax savings for 10 years.