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NOTICE: Possible quorum of the City Council. No decisions will be made and no quorum is required.

NOTICE: Possible quorum of the City Council. No decisions will be made and no quorum is required.

Multi-Unit Property Tax Exemption (MUPTE) Requirements

• The owner and developer can be a for-profit entity
• Rental units may be offered at market rate if affordable housing isn't one of the stated public benefits.
  • If not providing affordable housing, the property will pay 10% of its exemption into a fund to support the future affordable housing development
• The duration of the exemption is up to 10 years.
• Each application is reviewed on a case-by-case basis with a demonstrated financial need.

Program Overview

Low Income Rental Housing Property Tax Exemption (LIRPTE)

Nonprofit Entities:

Program Overview

Low Income Rental Housing Property Tax Exemption (LIRPTE)

Corvallis LIRPTE Ordinance

Nonprofit Entities:

Program Overview

The Multi-Unit Property Tax Exemption (MUPTE) is a tool that can move a proposed housing development to be financially feasible. MUPTE is a state-enabled program (ORS 307.600-307.637) designed to be an incentive for the development of residential properties in city centers and along transit corridors.

This meeting will be online only. The public may sign up to watch the meeting live on the internet at this link: https://attendee.gotowebinar.com/register/1571477423494517854

NOTICE: Possible quorum of the City Council. This is a social event only.  No decisions will be made and no quorum is required.