Approval or denial of applications will occur within 180 days of application.
Review of program requirements – The MULTE Program Coordinator will determine if applications meet the program and application requirements.
URA approval – For properties located in Urban Renewal Areas, PHB will contact Portland Development Commission (PDC) and the City’s Debt Manager for approval prior to approval of the application.
Investment Committee Review – The PHB Investment Committee will review projects recommended for approval by the MULTE Program Coordinator.
Application activation fee – Qualified applicants must pay PHB an application fee (to be established annually, including the fee to be paid to Multnomah County) – currently $16,000. Should an application not be approved, or the exemption otherwise does not go into effect, the applicant may request a refund of fees paid less the cost of estimated staff time expended.
Public hearing – PHB will present applications at a public hearing before the Portland Housing Advisory Committee (PHAC), for which public notice will be given and public testimony will be heard.
Final approval – Exemptions will receive final approval by PHB through the filing of an ordinance with City Council. PHB will send a copy of the approved ordinance to the applicant.
County activation – PHB will send a copy of the approved ordinance and the corresponding fee to Multnomah County. Approved exemptions will go into effect July 1 of the assessment year in which construction was completed.