City Code Section
(Amended by Ordinance 191610, effective March 1, 2024.)
- A. The City of Portland, acting by and through the Portland Housing Bureau, adopts the provisions of Oregon Revised Statutes 307.600 through 307.637, and administers a property tax exemption program for multiple-unit housing development authorized under those provisions referred to as the Multiple-Unit Limited Tax Exemption (“MULTE”) program.
- B. In addition to meeting the legislative goals set forth in ORS 307.600, the program also seeks to accomplish the following additional core goals:
- 1. Support the production of units affordable to households earning 80 percent or less of the median family income (“MFI”), with an emphasis on households earning 60 percent MFI or less;
- 2. Structure the MULTE program to support the variety of Inclusionary Housing program compliance options, with an emphasis on mixed-income buildings in high opportunity areas;
- 3. Provide transparent and accountable stewardship of public investments.