Item A: Multi-Unit Property Tax Exemption Program

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Analysis/Comments Eugene’s required MUPTE criteria reflects the requirements included in state statutes and additional public benefits. o Portland has established a longer list of requirements for MULTE eligibility which reflects their specific program purpose, particularly related o to the required provision of affordable housing and the cap (10%) on the projects financial rate of return. Portland has indicated that no projects in the MULTE portfolio have been required to make a Accrued Payment Liability payment under their o rate of return cap. Rent levels in the Portland market that are considered to meet the “affordable” requirement are much higher than in Eugene. Therefore, it o may be difficult to mirror Portland’s affordable housing approach without significantly impacting the financial feasibility of a project. Eugene has used an alternative program, the Low-Income Housing Tax Exemption, to stimulate affordable housing in the core (ex. Aurora o th Apartments, WestTown on 8). Public Benefit Scoring EUGENE MUPTE PORTLAND MULTE  Degree to which the project exceeds minimum density requirements Priority points for: -Affordability in addition to minimum requirement Located on a designated “opportunity site”. -Achieve the vision contained in Portland Housing’s “Guiding  LEED certification or Earth Advantage Certification Principles on Equity and Social Justice” through partnerships  Number of units affordable to households earning 60 percent of with community based organizations, the use of commercial median income. space, etc.  At least 50 percent of the units dedicated to home ownership. -Units available to persons with special needs, accessible units.  Number of ADA accessible units.  Bonus Points for:  Acceptable plan for preservation and enhancement of historic locales. -Family sized units (2+ bedrooms) in areas lacking such units,  Located in the Downtown Plan Area. with family friendly amenities.  In Residential Parking Program zones, number of parking spaces -Access to grocery stores, schools, day care provided in excess of what is required by code. -Quality gathering space available to the community -Portion of units reserved in partnership with agency serving vulnerable populations. Analysis/Comments Eugene MUPTE program uses a point system that reflects specific public benefit outcomes beyond the minimum state statute requirements. o Portland MULTE uses a point system that reflects additional public benefits provided beyond their minimum program requirements as a tool o for comparing and selecting amongst multiple, competing applications.