Item A: Multi-Unit Property Tax Exemption Program

Home Browse Search

Minimum/Required Criteria EUGENE MUPTE PORTLAND MULTE  Five or more units. At least 10 units with a minimum density of 35 units per net acre (residential only), or 20 units per net acre (mixed-use with ground Located within Downtown Plan Area. floor commercial), and at least two times the amount of  Project would not be built “but for” the tax exemption. residential floor area to non-residential floor area.  Comments solicited from affected neighborhood.  Located within identified Designated Plan Areas/Metro 2040  Applications must respond to specific Public Benefit Criteria related to: Centers, within a quarter mile radius of Max Station Areas, or - Density within a quarter mile from either Metro 2040 Main Streets with - Location (Downtown, Opportunity Site) Transit with Transit Service or Metro 2040 Corridors with Frequent - Green Building: LEED or Earth Advantage Transit Service within City of Portland. - Affordable Housing  Project would not be built “but for” the tax exemption - Home Ownership  For rental project, submit documentation that the anticipated rate - ADA Accessibility of return for the exemption period will not exceed 10 percent. - Historic Preservation  - Parking For rental projects, minimum of 20 percent of units affordable to households earning 60 percent of area median family income, or 80 percent in high cost market areas.  For sale housing units must sell for less than 120% of Portland annual median sale price.  Must provide a plan to meet minority, women, and emerging small business hiring for professional services and construction contracting.  Must submit marketing plan for engaging community stakeholders and use of gathering and commercial space.  Required to participate in Neighborhood Contact process prior to application.  Must certify to build the project using a green building standard: LEED silver, Earth Advantage Multi-Family silver, Oregon’s Reach Code, Enterprise Green Communities for affordable housing.  Project must provide a pedestrian connection (sidewalks, walkways, stairways, pedestrian bridges) to enhance effectiveness of light rail or mass transportation system.  Must own or have site control of project site.