2014 Multiple-Unit Limited Tax Exemption Open Application Period
Portland Housing Bureau (PHB) announces the opening of the 2014 application period for the Multiple-Unit Limited Tax Exemption (MULTE) Program. This year, PHB is again making available up to $1,000,000 of estimated and projected foregone revenue (based on the first year of approved projects.) Both rental and for-sale projects are invited to apply. To be eligible to apply for the MULTE, projects cannot be under construction and have building permits issued yet. The application announcement packet and additional information are available here.
Application Period Opens: Thursday, May 8, 2014
Application Deadline: Friday, June 27, 2014 at 3 p.m. (PDT)
Estimated Approval of Exemptions: Wednesday, September 24, 2014
If PHB approves less than the program cap of estimated foregone revenue, it is likely there will be another application announcement in the fall.
Please direct questions by email to the LTE Program Coordinator, Dory Van Bockel, or call her at 503-823-4469.