Portland Housing Bureau (PHB) announces the opening of a second application period for 2013 for the Multiple-Unit Limited Tax Exemption (MULTE) Program. This year, PHB again made available up to $1,000,000 of estimated and projected foregone revenue of which $66,350 was approved in the first application round, leaving $933,650 available for the second application round. Both rental and for-sale projects are invited to apply. To be eligible to apply for the MULTE, developers must not have applied for building permits yet. The announcement packet and additional information are available here.
Application Period Opens: Monday, November 4, 2013
Application Deadline: Friday, December 20, 2013 at 3 p.m. (PDT)
Estimated Approval of Exemptions: Wednesday, March 19, 2014
PHB is scheduled to open up the next application round in the spring of 2014 with a new $1,000,000 of estimated and projected foregone revenue.
Please direct questions by email to the LTE Program Coordinator, Dory Van Bockel, or call her at 503-823-4469.