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Council briefed on proposed multi-unit property tax exemption pilot focused on downtown; public hearing set for Wednesday
Summary
Planning staff presented a draft multi-unit property tax exemption (MUPTI) program that would incentivize downtown housing near transit; the program would require minimum project sizes, tiered public-benefit requirements and independent financial review, and a public hearing was scheduled for Wednesday
City planning staff presented a draft Multi-Unit Property Tax Exemption (MUPTI) program to the council on Oct. 20, describing eligibility criteria, public-benefit tiers and the upcoming public hearing and potential adoption.
Jennifer Ware said the program is intended to encourage multi-dwelling housing close to employment and transit and to implement the city’s housing strategy. Per statute, the program requires that projects be within a designated area near fixed-route transit, have a minimum of five dwelling units and…
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