MUPTE Program Requirements

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