MUPTE Program Requirements

The Julian Apartments

 

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.
  • If approved, the project will receive up to a 100% exemption for the portions of the property the exemption would apply to. 
  • Each project is required to also create either one substantial public benefit or three smaller, but impactful public benefits.

Eligible Zones

  • Commercial Mixed-Use Zones 2 and 3
  • The portion of the CMU-1 (Commercial Mixed Use) Zone that is located north of Monroe Avenue, East of 26th Street, South of Van Buren Avenue and West of 14th Street.
  • RMU-20 (Note: Areas zoned RS – 20 may also be rezoned to RMU – 20)

 

 Public Benefits

  • Public Benefit Categories
    • Additional Support for Affordable Housing (beyond what is required)
    • Abandoned, vacant or underdeveloped properties
    • Public Infrastructure
    • Placemaking or Active Public Spaces
    • High Quality Urban Design/Special Architectural Features
    • Sustainable Building and Climate Mindfulness
    • Local Labor, Materials, or Ownership
    • Economic Opportunities
    • Economic Catalytic Effect
    • Retrofitting Existing Buildings
    • Connectivity Improvements