2014 Multiple-Unit Limited Tax Exemption Open Application Period – Round 2
Portland Housing Bureau (PHB) announces the opening of a second application period for 2014 for the Multiple-Unit Limited Tax Exemption (MULTE) Program. This year, PHB made available up to $1,210,000 of estimated and projected foregone revenue, of which $850,000 has already been awarded, leaving room for approval of additional estimated foregone revenue in the amount of $360,000. Both rental and for-sale projects are invited to apply. The announcement packet and additional information are available here.
Application Period Opens: Thursday, October 16, 2014
Application Deadline: Monday, December 1, 2014 at 3 p.m. (PDT)
Estimated Approval of Exemptions: Wednesday, March 4, 2014
PHB is scheduled to open up an application round annually each spring. When the program cap is not fully utilized in the spring, PHB may hold a second application round in the fall with the remaining cap available.
Please direct questions by email to the LTE Program Coordinator, Dory Van Bockel, or call her at 503-823-4469.