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Albany holds public hearing on multiunit property tax‑exemption program to incentivize housing near transit
Summary
City staff presented a proposed Multiunit Property Tax Exemption (MUPTI) program and accompanying program guide and intergovernmental agreement; council discussion focused on public‑benefit criteria, eligibility, timelines and implementation steps with Linn County and local taxing districts.
Albany City Council on Oct. 22 held a public hearing on a proposed Multiunit Property Tax Exemption (MUPTI) program intended to incentivize construction or conversion of multiunit housing near transit and amenities.
Staff presented a program guide and an implementation timeline that would establish city code implementing the state‑authorized exemption, adopt program guidelines by resolution and enter an intergovernmental agreement (IGA) with Linn County and other overlapping taxing districts. The city’s goal is to encourage housing near services and transit while ensuring public benefits accompany any tax exemption.
Sophie Adams, the city’s economic development manager, summarized key eligibility requirements drawn from state statute: projects must be within a quarter‑mile of fixed‑route transit, create or convert a minimum of five dwelling units, be completed within five years of…
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