The acquisition of a NE Portland property for development adds at least 50 new homes to a pipeline that now tops 560 Bond-funded housing units.Read More…
421 SW 6th Avenue, Suite 500, Portland, OR 97204
Portland Housing Bureau (PHB) will hold an open application period for the 2013 Multiple-Unit Limited Tax Exemption (MULTE) Program starting next month. This year, PHB is again making available up to $1,000,000 of estimated and projected foregone revenue. 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. Program guidelines are available here. The full administrative rules are available here.
Application Period Opens: Monday, April 15, 2013, at which time the announcement packet and application materials will be available.
Application Deadline: Friday, May 31, 2013 at 3 p.m. (PDT)
Estimated Approval of Exemptions: Wednesday, Aug. 28, 2013
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 Dory Van Bockel who will be responding to emails beginning April 1.