Item A: Multi-Unit Property Tax Exemption Program

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Application Process EUGENE MUPTE PORTLAND MULTE  Ongoing application process Competitive application process annually  No limit on number of applications approved Annual Cap: Approve no more than $1 million of estimated foregone tax revenue each year. Application fee: $400  Application fee: Established annually (currently $11,000) 30-day public comment period   Public hearing – Portland Housing Advisory Committee Review of financial information by Loan Advisory Committee  Final approval by Portland Housing Bureau through the filing of an Application approved by City Council ordinance with City Council Analysis/Comments Portland’s annual cap establishes a competitive environment for a limited amount of tax exemption each year and assumes that there will o be more project demand than exemptions available. The cap policy was recently implemented in 2012. The number of approved Eugene MUPTE projects has averaged slightly less than one per year over the life of the program. o The cap may create scenarios where desirable projects do not move forward once the cap is reached. o Portland’s MULTE application fee is intended to meet the administrative cost associated with monitoring program compliance, although o Portland has indicated that actual administrative costs likely exceed the fees collected. Application Submission Requirements EUGENE MUPTE PORTLAND MULTE  Schematic drawing/elevation of the proposed project. Conceptual site plan  Description of the number, size, and type of dwelling units and Description of the number, size, and type of dwelling units, dimensions of structure. dimensions of structure, proposed lot coverage of building, amount of open space, type of construction, public/private Plan identifying public/private access, parking/circulation, and access, parking/circulation plan, number of commercial/residential landscaping. off-street parking spaces, floor area dedicated to residential/non-  Proper notification before removing structures, and appropriately residential uses. addressing historic structures.  Description of existing use of property and justification for  Description of public benefits (as defined in the program criteria) to be elimination of rehabilitable housing. included in the project.  Public benefits description.  Information on the project costs and financing, and other information  Project schedule. required by City on the financial feasibility of the project, including: