On Tuesday, September 6, the Portland Housing Advisory Commission (PHAC), the advisory group to the Portland Housing Bureau (PHB), will hold a public hearing to discuss three new applications being considered for the Multiple-Unit Limited Tax Exemption (MULTE) Program.
Two applications are for projects being developed by Koz Development – one in Northwest Portland at NW 16th Avenue and NW Marshall Street, and another in Southwest Portland at SW 4th Avenue and Grant Street – for a combined total of 235 new units (47 of which would be affordable to households earning no more than 60% of the area median income).
The third application is for a project by the Portland Development Commission, which will bring 54 new units (16 of which would be affordable to households earning no more than 60% of the area median income) to Southeast Portland’s Lents neighborhood at SE 91st Avenue and SE Foster Road.
Tax exemption programs promote the inclusion of affordable housing and other public benefits in new developments. PHB can approve up to $3 million in new tax exemptions each year.
The hearing will take place Tuesday, September 6 during the monthly PHAC meeting, held from 3:00 – 5:00 pm at the Portland Housing Bureau offices in Downtown Portland, located at 421 SW 6th Ave, Suite 500.