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Fairview staff outline proposed 10‑year tax exemption for multi‑unit projects, seek council direction
Summary
City staff presented a proposed Multiple Unit Property Tax Exemption (MUPTI) that would replace the vertical housing exemption, limit eligibility to a defined area along Halsey and Fairview Village, and require developers to show projects are not financially feasible without the benefit; council asked for stronger safeguards and asked staff to return in 2025 with finalized guidelines.
City staff on Nov. 6 presented a draft Multiple Unit Property Tax Exemption (MUPTI) that would offer a 10‑year exemption on improvements for eligible multi‑unit projects in Fairview’s urban renewal area, and asked the City Council for direction to finalize program materials and open talks with Multnomah County.
The program, described by a staff presenter, would broaden the existing vertical housing exemption by allowing standalone or multiple commercial buildings that include at least five units to qualify, while giving the city authority to require community benefits and an independent financial feasibility review. Staff said the exemption is intended to be focused geographically — the packet and presentation identified the tan‑shaded area along Halsey and in Fairview Village, plus a vacant parcel added per…
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