Eligibility

Specific criteria must be met in order for a multifamily project to qualify for the MFTE. Eligibility depends upon whether the project is new construction or the rehabilitation to existing units.

New Construction Projects (8 year exemption)

  • Must be within one of the targeted areas specified in the section below
  • Must provide for a minimum of 50% of the space for permanent residential occupancy
  • Must include at least 10 units of multifamily housing within a residential structure or as part of an urban development
  • Must be completed within 3 years from the date of the approval of the application
  • Must be designed to comply with the city's Comprehensive Plan, building, housing, and zoning codes, and any other applicable regulations, including any other standards and guidelines adopted by the City Council for the residential targeted area

Rehabilitation to Existing Units (8 year exemption)

  • Must be within one of the targeted areas specified in the section below
  • Must provide for a minimum of 50% of the space for permanent residential occupancy
  • Must include at least 10 units of multifamily housing within a residential structure or as part of an urban development
  • Must be completed within 3 years from the date of the approval of the application
  • Must be designed to comply with the city's Comprehensive Plan, building, housing, and zoning codes, and any other applicable regulations, including any other standards and guidelines adopted by the City Council for the residential targeted area
  • Must, in the case of existing multifamily housing that is occupied or which has not been vacant for 12 months or more, provide for a minimum of 4 additional multifamily units for a total project of at least 14 units. An affidavit stating the occupancy record of the property for a period of 12 months prior to filing the application will be required.
  • Must not displace any residential tenants of structures that are proposed for redevelopment. If the property proposed to be rehabilitated is not vacant, an applicant shall provide each existing tenant housing of comparable size, quality, and price and a reasonable opportunity to relocate
  • Must be proposed to rehabilitate existing multifamily housing that fails to comply with 1 or more standards of the applicable State or city building codes. A report prepared by a registered architect affirming noncompliance with the building codes will be required with submission of the application