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Wednesday, December 13, 2017 The Nugget Newspaper, Sisters, Oregon
Tax change could chill
affordable housing
By Gillian Flaccus
Associated Press
PHOTO BY STEPHANIE CONNOR
Sisters Dance Academy dancers will show their stuff in the December 15 Holiday Showcase.
DANCERS: Two
showcases set
for this weekend
Continued from page 3
Food Place, or at the door,
$10 for teens and adults, $5
for kids 12 and under.
The fall session has been
in full swing, and with 150
dancers training in styles
including ballet, contempo-
rary, jazz, tap and hip hop,
the dance academy in Sisters
is thriving.
The
Performance
Ensemble is the Sisters
Dance Academy dance team.
This group of 25 dancers
ranges in ages 11 to 17; each
had to audition to be a part
of this elite group. These
dancers train anywhere from
four to 10 hours per week in
various styles with the com-
mon goal to perform for their
community and to share their
talent and love for dance with
others.
In
October,
the
Performance Ensemble per-
formed at one of the Sisters
High School varsity football
games, getting the crowd
going with two fun and
upbeat dances.
In November, the ensem-
ble performed at the Tower
Theatre in the Central
Oregon Dance Showcase, an
annual event representing all
of the dance studios, com-
panies and ensembles in the
area.
I n D e c e m b e r, t h e
Performance Ensemble
was invited to dance at
the Festival of Trees at
the Deschutes County
Fairgrounds in Redmond.
Not only did the dancers
have a wonderful experi-
ence performing at this
magical event, but they also
got to enjoy the beautifully
decorated trees and the free
refreshments and fun activi-
ties which included a visit
with Santa. The funds raised
at the Festival of Trees helps
make it possible to provide
services to terminally ill
people and their families not
covered by Medicare or pri-
vate insurance.
The dance academy will
begin its winter/spring ses-
sion the week of January
8. Classes are free for
new students to try. For
more information contact
Lonnie Liddell at office@
sistersdanceacademy.com.
PORTLAND (AP) —
Municipal governments
worry the tax overhaul in
Washington, D.C. could chill
the construction of afford-
able housing as homelessness
reaches a crisis point on the
West Coast.
Officials with the housing
authority in Portland, Oregon,
said Tuesday the U.S. could
lose nearly 1 million units of
affordable housing over 10
years if the final bill elimi-
nates the tax-exempt status
for a type of bond commonly
used by developers to finance
affordable housing.
That estimate comes
from a recent analysis by
Novogradac & Co., a San
Francisco-based accounting
firm that specializes in real
estate and affordable housing
issues.
While the tax bill is not
finalized, developers are now
racing to lock in financing
and the uncertainty over the
bonds has raised upfront costs
for some projects, affect-
ing projects from Oregon
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to Massachusetts to Illinois
to Minnesota. The concern
comes at a time when home-
lessness is soaring on the West
Coast amid an acute shortage
of affordable housing. Cities,
including Portland, are rush-
ing to get projects in the pipe-
line to address the crisis.
“It’s a little bit of chaos
because there’s so much to
unpack in the implications
of this and folks are scram-
bling,” Michael Buonocore,
executive director of
Portland’s housing author-
ity, said in a phone interview.
“This is straightforward math
and it is not just funding for
public housing that is purely
funneled through the govern-
ment. The low-income tax
credit fuels ... private industry
and lenders too, so it’s across
the spectrum.”
More than half of afford-
able housing projects nation-
wide rely on a 4 percent tax
credit that can only be claimed
by a developer if at least half
of the construction is financed
by private activity bonds. The
bonds are awarded by states,
with the help of local govern-
ments, for qualifying projects.
Sisters Dance Academy
need
All you
is Love
ACTIVE RELEASE
Holiday
Dance Recital
Sat., Dec. 16, 6:30 PM
Sisters High School
Auditorium
Adults/teens $10 • Children 12 & under $5
Reserved seat tickets on sale at the studio or at door
For pain & injuries that won’t resolve.
Three Sisters Chiropractic
& Pain Management
Dr. Inice Gough, DC, CCT, CCST
541.549.3583
$50 OFF
Cut & Color
or
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Haircut
BREWER SAYS...
LAST DAY TO SHIP UPS...
Ground: Wednesday 12/13
3-day: Tuesday 12/19
2-day: Wednesday 12/20
Overnight: Thursday 12/21
LAST DAY TO SHIP FEDEX...
Ground: Wednesday 12/13
3-day: Monday 12/18
2-day: Wednesday 12/20
Overnight: Thursday 12/21
with Morgan Perske,
new stylist from Aveda
in Portland.
Hurry! Book now to look your
best for the holidays!
This is a 45-minute class, geared to the
Core/Ab & Back, Glutes/Legs, Arms/ Chest,
and is presented on The Mat!
Shannon Ra
Rackowski,
a ckow
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Specialist,
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sona
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bi I Instructor b
brings
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over 30 years of f experience
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Be prepared to use weights, bands, dowels and more.
Ongoing Mon. 11:15 am-12 pm • Wed. 10-10:45 a.m.
At SPRD • $40/8 classes • $6 drop-in per class
View SPRD activities & classes, and register
online at www.SistersRecreation.com
1750 W. Mckinney Butte Rd. | 541-549-2091
SNO CAP
hair | massage | nails
ails | fa
facials | makeup
541-549-1784
Mon.-Fri., 9-5, Sat., 9-1 • 160 S. Oak St., Sisters • 541-549-1538
Mat Workout
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161-C N. Elm St.
MINI STORAGE
Sisters Industrial Park
157 Sisters Park Dr. • 541-549-3575
www.SistersStorage.com
• State-of-the-art
Security Technology
• Sizes from 5x5 to 12x40
• Individual Gate Codes
• Long-term Discounts
• On-site Manager