Public Hearing Monday On Changes To Eugene's MUPTE
The Eugene City Council will hold a public hearing Monday on its controversial Multi Unit Property Tax Exemption or MUPTE program. The city is shifting away from applying it to student housing projects.
The MUPTE program gives an up to 10 year property tax break to qualified developers in Eugene's downtown. It's currently suspended while the city makes tweaks. Denny Braud with the City of Eugene says two large student housing projects were among the last to take advantage of the tax breaks.
Braud: "The shift really is to try to make this tool more applicable to dense market-rate housing in the core of downtown. One of the big changes is to eliminate student-housing as an eligible category for tax exemption under this program."
MUPTE has been controversial because some residents question the benefit of giving developers tax breaks.
The City council's public hearing is Monday evening at 7:30.