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Albany board backs city's multi‑unit property tax exemption to encourage transit‑adjacent housing
Summary
The board voted to approve a city-requested resolution supporting the MUPTI (multi‑unit property tax exemption) program, a local pilot to incentivize multi‑unit housing near fixed transit routes with a 7–10 year exemption for new improvement value.
The Greater Albany Public School District board approved a motion to support the City of Albany’s multi‑unit property tax exemption (MUPTI/MUPD) program after a city planner explained how the pilot is intended to spur housing near transit.
Sophie Adams of the city planning/economic development group summarized the program: "MUPD stands for multi unit property tax exemption program," she said, explaining that the exemption applies only to the new improvement value (not land or existing structures) for a…
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