On Tuesday, April 4, the Portland Housing Advisory Commission (PHAC), the advisory group to the Portland Housing Bureau (PHB), will hold a public hearing to discuss five applications being considered for the Multiple-Unit Limited Tax Exemption (MULTE) Program.

The first application comes from the Portland nonprofit Rose Community Development Corporation for a 64-unit housing development on SE 91st Avenue at SE Reedway Street in the Lents neighborhood. If approved for a MULTE tax exemption, 16 of these units  will be made affordable to households earning no more than 60% of Area Median Income. This development is also receiving direct funding from PHB.

The second application being considered comes from Portland-based Guerrilla Development for an 88-unit development on NE Sandy and 25th Avenue in Northeast Portland. If approved, 18 of these units will be made affordable to households earning no more than 80% of Area Median Income. 

The third application comes from Portland-based Gerding Edlen for a 133-unit development in Old Town/China Town on SW Ash Street and 3rd Avenue. If approved, 27 of these units will be made affordable to households earning no more than 80% of Area Median Income. 

The fourth application comes from Portland's Guardian Development for a 167-unit development, also in Old Town/China Town, on NW Couch Street between NW 4th & 5th  Avenues. If approved, 34 of these units will be made affordable to households earning no more than 80% of Area Median Income.

The fifth application comes from Portland-based BDC Advisors for a 73-unit development planned for SW Park Avenue and Columbia Street in Southwest Portland’s Park Blocks. If approved, 24 of these units will be made affordable to households earning no more than 80% of Area Median Income

Tax exemption programs such as the MULTE encourage the inclusion of affordable housing and other public benefits in new residential developments. PHB can approve up to $3 million in new tax exemptions each year. 

The hearing will take place Tuesday, April 4 during the monthly PHAC meeting, held from 3:00 – 5:00 pm at the Portland Housing Bureau offices, located at 421 SW 6th Ave, Suite 500 in Downtown Portland.

For information about the MULTE program, click here or contact Dory Van Bockel by email or by phone at 503-823-4469.