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Council hears MUPTI briefing: eligibility, tiered benefits and Feb. 1 application deadline under ORS
Summary
Staff briefed the council on the Multi‑Unit Property Tax Exemption (MUPTI) program design: minimum 5 units, location requirement near fixed‑route transit, tiered public‑benefit abatement (7 years for two benefits, 10 years for three), independent financial review and statutory application timing (Feb. 1).
City staff presented the Multi‑Unit Property Tax Exemption (MUPTI) program to guide housing development near transit and the downtown core and explained recent refinements before the public hearing scheduled for Wednesday.
Planner Jennifer Ware said MUPTI is intended to incentivize new or converted multi‑dwelling housing within designated areas close to fixed‑route transit and that the city is initially focusing the program on the downtown core as a pilot. Key eligibility…
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