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Albany council hears final public presentation on MUPD housing incentive; public benefits questioned
Summary
City staff presented final details of a proposed Multi‑Unit Property Tax Exemption (MUPD) program designed to spur housing near transit. Councilors discussed public‑benefit thresholds, application fees and implementation steps; staff noted some typos and said the program would return for ordinance and IGA adoption.
Albany City staff described a proposed Multi‑Unit Property Tax Exemption (MUPD) program during a public hearing on Oct. 22, outlining eligibility, public‑benefit requirements and next steps toward adoption.
Economic development manager Sophie Adams and community development director Matthew Rickers told council the state‑enabled program aims to encourage new or converted multiunit housing within a 1/4 mile of fixed‑route transit, with a minimum project size of five dwelling units. Projects must be completed within five…
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