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<br /> <br />Property Tax Exemption for New Multi-Unit Housing <br />Application Coversheet <br /> <br /> <br />The Multi-Unit Property Tax Exemption (MUPTE) is an incentive program to encourage <br />downtown housing. This ten-year exemption is enabled by state law, but each project must be <br />approved by the Eugene City Council. Both rental housing and multi-unit housing for home <br />th <br />ownership are eligible. Projects must be within an area generally bounded by 4 Avenue, <br />th <br />Patterson, 17, and Lawrence Street. <br /> <br />GENERAL INFORMATION <br /> <br /> <br />Applicant(s) Business Name:______________________________________________________ <br /> <br /> <br />Address:______________________________________________________________________ <br /> <br /> <br /> <br />Phone #________________ Fax #_________________ E-mail:_____________________ <br /> <br /> <br />Representative:________________________________________________________________ <br /> <br /> <br />Address (if different):____________________________________________________________ <br /> <br />Phone #_______________ Fax #_________________ E-mail:_____________________ <br /> <br /> <br />Proposed Project Name:_________________________________________________________ <br /> <br /> <br />Location:_____________________________________________________________________ <br /> <br />ELIGIBILITY AND QUALIFICATION CRITERIA <br /> <br />Eligible Property. <br />To be eligible for the property tax exemption, a structure must be: <br /> <br />1. A multiple unit structure, having five or more dwelling units, not designed or used as <br />transient accommodations and not including hotels and motels; <br /> <br /> <br />2. Housing completed on or before January 1, 2012 This includes new multiple-unit <br />housing on vacant sites, the conversion of buildings into new units on under-utilized sites <br />and housing which increases densities consistent with the applicable Comprehensive <br />Plan and zoning designations, as well as relevant plan goals and policies; and <br /> <br /> <br />3. Located within the boundaries illustrated on the attached map of eligible areas. <br /> <br />Term of Exemption. <br /> This program provides for a ten-year exemption for all residential <br />improvements. The land and non-residential improvements continue to be taxed. <br /> <br /> <br />