A home may be eligible for the HOLTE Program if it is new construction located within a designated area. PHB has a list of properties (LTE Eligible Property List) with approved builder applications which is updated at least quarterly. Please call PHB at 503-823-3270 or email email@example.com to inquire about a specific property’s eligibility. There are additional criteria in order for the exemption to be available:
Builder application: Builder must apply to PHB for the program prior to building permit issuance. PHB will approve no more than 100 new applications each fiscal year (July 1–June 30). Builders applying for the program agree to build high quality homes which contribute to the livability of the surrounding area, register with a green building certification agency, and to partner with PHB to assure that communities of color are aware of properties for sale with exemptions and report on and pursue MWESB contracting opportunities.
Location: The property must be located within a homebuyer opportunity area.
Single-unit housing: Proposed construction must be a single-family home, townhome or condominium.
Bedroom size: Proposed homes must have at least three bedrooms unless built within approved transit-oriented areas, in which case two bedroom homes are allowed.
Construction time frame:Permits may not be issued at the time of application and construction must be completed within two years from PHB approval of the application. The property must be fully constructed upon sale (documented by final permit or certificate of occupancy and usually verifiable by PHB through Portland Maps).
Time limit to sell: The newly constructed home must sell within two years of activation of the exemption.
Design standards: Proposed homes should be of high quality and contribute to the livability of the surrounding area. At a minimum, construction must meet the City of Portland’s Base Zone Design Standards.
Green building: Builder must register with a green building certification agency such as Earth Advantage, US and Green Building Council’s Leadership and Energy in Environmental Design (LEED), Energy Star, Energy Trust of Oregon, or any other comparable green building certification agency approved by PHB.