mfte seattle qualifications

$2,224 - 6,330. 1-3 Beds. The program is only available for investors who build or rehabilitate four or more units to rent. (Page last updated 6/12/2019). Where it Works Washington State Legal Context. If approved, your income-qualified rent will be capped at a maximum amount for the length of your lease term. By supporting mixed-income residential development in the urban centers, the MFTE program ensures affordabilty as the community grows. $50,780. Prospective residents will complete the propertys standard rental screening process. Skip to main content Toggle Navigation. To be considered eligible the applicant must demonstrate that the total anticipated household income for the year after move-in is below a maximum income limit for the home. 448 sqft. Employee Resources, Serving Communities UW employees receive priority access to rent-restricted MFTE units at Bridges @ 11th, an apartment complex located in the University District. Projects that have already applied for the 12-year program are eligible for a no-fee application to the 20-year program. The MFTE program provides affordable rent, typically hundreds of dollars lower . email Brandon Thomas, general manager of Bridges @ 11, priority access rentals and affordable housing website, Financial Literacy Month events and resources, Exploring housing options for older adults, Creating community in the dead of night: Meet Eric Yerxa, 50/15/5: A Saving and Spending Rule of Thumb. PO Box 94725, Seattle, WA , 98124-4725 Have applicants disclose all income sources onResident Eligibility Application (REA), Obtaindocumentationfor each income source and asset disclosed by applicant, Calculate total household income from source documentationand enter into Household Eligibility Certification (HEC), Rainier Valley Affordable Homeownership Initiative, 2022 MFTE/IZ/MHA Annual Property Cerification Form, Renter's Guide to the City of Seattle's MFTE and IZ Programs, HUD 4350.3 REV-1Chapter 5 Determining Income and Calculating Rent, Fair Housing in Washington State for Property Owners and Managers, Household Eligibility Certification (HEC), 700 5th Ave, Suite 5700, Seattle, WA, 98104, Incentive zoning compliance for property managers, Read Seattle laws for renters and landlords, Seattle Office of Housing programs primarily use the Seattle Housing Authority's (SHA) utility allowance when determining maximum rent levels (see Income & Rent Limits). MFTE knowledge is preferred; . Seattle's enrollment policy is not based solely on geography. Opens in a new tab. %PDF-1.7 The MFTE Apartment rate you've been waiting for! These rent-restricted units are available only to tenants who earn less than a certain percentage of the areas median income. We gladly accept Housing Choice vouchers for all units. 8228 Green Lake Drive North Seattle, WA 98103. mars 1. Address: General Requirements To qualify for subsidized housing, you must be one of the following: A family with children under age 18. By clicking on the links below, one can view maps that determine whether one's parcel falls within a MFTE area. If you qualify, your rental rates will be capped based upon your household income and the type of unit you rent. PROGRAM 2 PROGRAM 3 PROGRAM 4 PROGRAM 5 PROGRAM 6 Ordinance 119237 Address: endobj MFTE units should not be permitted to be rented with these services, as the public benefit is essentially helping to subsidize a private business. Continue reading. Complete required screening and annual paperwork for MFTE units within City of Seattle guidelines. Seattle HUD Rental Assistance Income Qualifications Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Seattle but actual income limits may differ for units at AVA Queen Anne. MFTE Seattle Find modern rent-reduced apartments in Seattle through the Multifamily Tax Exemption program. Fax: (206) 233-7117 We are a pet-friendly community! 34,885 new units of housing were created, 21% of which were designated as affordable. State law sets specific standards as to what can qualify as a target area, detailed below. For rental properties in Seattle, effective February 19, 2018 landlords can no longer . For projects with a covenant for 99-year affordability, a new 20-year MFTE program is available. These maximums are expressed as percentages of the area median income. PO Box 94725, Seattle, WA , 98124-4725 If the cosigner does not meet any one (1) of the criteria, the cosigner will not qualify. 999 Hiawatha Place South, Seattle, WA 98144. Income Guidelines . Cities should ensure that standards are clear. Submit all required consent forms. This website is unaffiliated with the City of Seattle. Contact Us Can students qualify? It includes roughly 180 properties located throughout the city, their locations, contact information and the types of units they offer. endobj 2022 Income and Rent Limits 2022 Income Limts - Weatherization and Home Repair Programs For more information on the MFTE program please click here to visit the Seattle Office of Housing. 700 5th Ave, Suite 5700, Seattle, WA, 98104 This position requires in depth knowledge of the MFTE housing program in addition to excellent communication and interpersonal skills. Be advised: The Office of Housing must receive a complete Final Certificate Application no more than 30 days from the date of temporary certificate of occupancy, or the permanent certificate of occupancy if no TCO is issued. If you meet the income qualifications, it's worth keeping an eye out for I see listings for the MFTE units pretty regularly." "Great service. MFTE's unique iterations over time are commonly referred to as Programs 1 through 6. Affordable unit rents should be below market, but not so low that tax exemption is not a sufficient incentive. If you are a prospective tenant looking for MFTE program housing or other affordable housing, please see the Affordable Housing Opportunities Brochure. Encourage the creation of mixed-income housing that is affordable to households with a range of incomes in rResidential tTargeted aAreas; 4. Please refer to the following documents for more information on affirmative marketing and how to comply with these requirements. By supporting mixed-income residential development in the urban centers, the MFTE program ensures affordabilty as the community grows. Email: Housing@seattle.gov, Sign up for the latest updates from Housing. Shoreline, WA 98133-4905 After completing Thrive's standard application and screening process, the leasing team will need to certify that your household income is eligible for the program associated with the home you've selected. UW CareLink consultants will ask questions to understand where you want to live, what amenities or criteria your new housing needs to include and what your housing budget . Please note: The Under $5,000 in Household Assets Certification form has been removed and will no longer be accepted by the program for income certificationsstarted on or after 6/17/2019. (206) 801-2334, 17500 Midvale Ave N Program outreach. Live On-Site Residential Property Manager - Ballard, Seattle, WA. 40866 (PDF)Equity Index Council Action Memorandum (PDF)Implementing 2021 changes to the MFTE program (PDF)Implementing TOD and Commercial element to the MFTE program (PDF)Removing an RTA (PDF), Application Process Overview for Program (PDF)Application (PDF)Exemption Agreement (PDF)Pro Forma (PDF)Compliance Manual (PDF)Lease-up Certification Report (PDF)Lease Rider (PDF)Annual Certification Report (PDF)Household Eligibility Certificate (PDF)Assessor MFTE Program Checklist (PDF), MFTE Workbook Full (PDF)MTFE Workbook Feedback Form, MFTE Covenant Memo (PDF)Sample MFTE Covenant (Word)MFTE Study and Guidance Initial Interview Guide (PDF)MFTE Study and Guidance Project Engagement Strategy (PDF)MFTE Study and Guidance Project Workplan (PDF), MFTE Work Plan 2021 (PDF)MFTE Guidance RFP (PDF)MFTE Stakeholder WebinarMFTE Stakeholder Webinar Slides (Power Point), 2021 MFTE Report (PDF)2020 MFTE Report (PDF)2019 MFTE Report (PDF)2010 MFTE Report (PDF), About Us Section 8 and other subsidy programs welcome. The program authorizes 8, 12 and 20-year property tax exemptions to encourage the development of multifamily housing. The Occupancy Specialist has the overall responsibility of processing MFTE files adhering to Office of Housing . While average rents in our area declined during the pandemic, they are still among the highest in the country. These utility allowances are available on, Household must be below the maximum allowable income limit and have all above documentation on file prior to signing a lease/renting unit. Patio; . Address. Click here for Screening Criteria. As part of this process, information and updates are being shared on this page as progress is made on the required elements. There is a select number of homes in this property that are part of this program. Careful research should be done to establish an appropriateincome progression cap where market rents become accessible. Retail Sales and Use Tax. . There are no income limits for our Market Rent Units. Community Relations and UW Work-Life work together to identify affordable housing options for UW employees, including properties that offer priority selection to qualified applicants who are UW Staff and UW Students. MFTE gives landlords tax incentives if they commit to charging below-market rents to some units in their building. In this case, the property manager may have no idea this is happening, and it may be a good idea for city staff to monitor these kinds of sites for MFTE properties. If your preferred property does not have MFTE units available, ask if they have an MFTE wait pool or contact list. The MFTE program incentivizes the development of multifamily and affordable housing on Bainbridge Island by exempting qualifying new housing from property taxes for 12 or 20 years on the residential improvement value of a development. The website focuses on the MFTE (Multifamily Tax Exemption) program because of the relatively quick application turnaround, high availability, and desirable buildings and locations. For 1 Bedroom - 75% Median Income. Occupancy Specialist Qualifications: Must possess a working knowledge of MFTE & other affordable programs Able to interpret and understand tenant file information Proficient in Microsoft Office applications, including Excel, Word and Outlook Demonstrates strong judgement and critical thinking skills Housing and Human Services Coordinator Several issues to consider include: Appropriate targeted income level and income recertification. In order to qualify for the MFTE incentive, the applicant must commit to 20% of the project meeting the affordable housing definition in Shoreline Municipal Code (SMC) Chapter 3.27.020. 2022 Income and Rent Limits, 2022 Income Limts - Weatherization and Home Repair Programs, Maiko Winkler-Chin, Director Phone: (206) 684-0721 In 2021, significant changes were made to the program, find a summary at this link. You will be able to apply for: Up to two properties from the Low-Income Public Housing program. Over the years of the MFTE program's existence, I have strived to make the MFTE program to include greater benefit to the public, see here, here, here, here, and here. MFTE programs serve to encourage a greater diversity of housing types, including rehabilitating existing housing and redeveloping vacant and underutilized properties. You may not be offered an MFTE apartment immediately, but housing situations change quickly and applicants in the wait pool may be offered apartments more quickly than they expect. Fax: (206) 233-7117 Time and distance from Encore at Columbia Station. To see if there are MFTE properties where you want to live, see the list of MFTE properties on the citys website. There are no income limits for our 188 Market Rent units. Cats Welcome. The MFTE program currently requires that 1 in 5 units be income-restricted. Please contact our leasing office for specific policies and related charges. Do You Qualify For MFTE? Encore at Columbia Station has 5 parks within 3.1 miles, including Genesee Park and Playfield, Jefferson Park, and Bradner Gardens Park. Ordinance No. 944 took effect, which introduced several new updates to Shoreline's MFTE programs. 707 Terry Avenue, Seattle, Washington 98104 833.922.2406 hello@museumhouseseattle.com There is a select number of homes in this property that are part of this program. Limited Time Only! In addition, tenants in affordable units should be required to recertify their income on a regular basis. 3 0 obj Walls Property Management Seattle, WA 1 week ago Be among the first 25 applicants Be To qualify for the Low Income Housing Program, a household's income must not exceed 80 percent of Area Median Income (AMI) Households with income that does not exceed 30 percent of AMI will receive priority on the waitlist. Designed by a local architect with roots in Capitol Hill, Yardhouse is a thoughtfully designed building that mixes natural elements and modern architecture. Promoting Washington, Business.wa.gov There are many arguments for and against allowing students to qualify for MFTE units, and programs on both sides of the fence. The Seattle Office of Housing monitors multifamily properties with commitments through the Multifamily Tax Exemption (MFTE), Mandatory Housing Affordability (MHA) and Incentive Zoning (IZ or Housing Bonus) programs. Property Tax Exemption (MFTE) Program. Qualifications: Must meet our renter's requirements for the Chinook Apartment (675 credit score minimum & proof of income equal to 2.5x the monthly rent per hosuehold) Previous experience in property management (Lease Up Experience is a PLUS) Familiarity with Seattle Rental Housing Regulations Ability to build rapport with residents Under a Multifamily Tax Exemption (MFTE), cities define residential target areas with insufficient housing opportunities where development is eligible for MFTE. Depending on your propertys MFTE agreement, you may need to re-qualify every year or only if you change MFTE units. Several MFTE housing options are located near the Seattle campus and UW Medical Centers, including Bridges@11th, which provides priority to UW employees (see details below). Find the perfect place to live. The income restrictions come out approximately every year in May. These programs are popular with for-profit developers, who may not be familiar with affordable housing processes. Fax: (206) 233-7117 Its intention is to help prospective MFTE tenants map the spreadsheet of properties provided by the City. Make independent decisions for the building within bounds of responsibility as deemed acceptable by management. $1,410 517ft2 - (Seattle) $1,410 mar 2 MFTE Open 1-Bedroom Price Drop! If you qualify, your rental rates will be capped based upon your household income and the type of unit you rent. The Washington Department of Commerce was charged by the Washington State Legislature (through SB 5287 and a budget proviso) to develop guidance, complete a study, evaluate the impact of MFTE programs on cities and develop an MFTE auditing program. Now is a good time to look for new rental opportunities because many landlords are offering incentives. Tenants incomes can rise over time, but there should be a cap established. Mailing Address: The mission of the Office of Housing (OH) is to create strong, healthy communities, prevent displacement and increase opportunities for people of all income levels to live in Seattle. Once a Conditional Certificate is issued, the applicant must complete the project within three years; one two-year administrative extension is available. $43,320. You will need to provide a Resident Eligibility Application (REA) to each MFTE property where you apply, and landlords will verify your income at the time they offer you an MFTE unit. Visit the citys website to compare your household income with the current MFTE income and rent limits. All cities and Clark, King, Kitsap, Pierce, and Snohomish counties may now offer an MFTE program. The 2021-2023 State Operating Budget (Section 111, Page 69) provides a funding proviso for Commerce to conduct a study and report to the legislature on implementation of the MFTE program. Income and Rent Guidelines ARCH establishes income and rent guidelines for a range of affordable housing projects across East King County. Each property offers their own incentives and the up-front savings can return nearly a full months rent to your pocket. For example, Bridges @ 11th is currently waiving the application fee and security deposit. % Commerce will use this work to answer frequently asked questions, support community planning, and support implementation and operating of MFTE programs throughout the state. When that goes into effect, you may still qualify depending on what your raise is and what the income . Once complete, the property will certify the income of the household to determine program eligibility. To secure the longer exemption period, the property must meet a minimum affordable housing standard. endobj Resident Login Opens in a new tab; Applicant Login Opens in a new tab; Terms and Conditions Opens in a new tab; This can be challenging in the city of Seattle, especially for families earning moderate to low incomes. The most recent work product developed by Commerce is an informational webinar created for elected officials, appointed officials and other stakeholders at jurisdictions considering adoption of MTFE. $2,195 2br - 919ft2 - (snohomish county) $1,769. The jurisdiction will have to weigh these arguments with their individual priorities. Homeless AssistanceForeclosure HelpMobile Home Parks ClosingOffice of Homeless YouthPlanning for Housing, Affordable Housing Funding SourcesInfill DevelopmentTechniques and Incentives for Encouraging Affordable HousingTypes of Affordable Housing, Mary M. Reinbold (she/her) AICPSenior Plannermary.reinbold@commerce.wa.gov(509) 638-5449, Bremerton (external link)Everett (external link)Lakewood (external link)Lakewood video (external link)Seattle (external link)Shoreline (external link)Spokane (external link)Tacoma (external link)Vancouver (external link)Wenatchee (external link), Bellingham-BMC 17.82 (external link)Burien-BMC 19.45 (external link)Camas-CMC 3.86 (external link)Edmonds-EMC 3.38 (external link)Kenmore-KMC 3.65 (external link)Kirkland-KM 5.88 (external link)Lake Stevens-LSMC 3.27 (external link)Lakewood-LMC 3.64 (external link)Lynnwood-LMC 3.82 (external link)Olympia-OMC 5.86 (external link)Port Orchard-POMC 3.48 (external link)Seattle-SMC 5.72 (external link)Shoreline-SMC 3.27 (external link)Snohomish-SMC 3.50 (external link)Snoqualmie-SMC 3.10 (external link)Spokane-SMC 8.15 (external link)Tacoma-TMC 6A.110 (external link)Vancouver-VMC 3.22 (external link)Walla Walla-WMC 2.28 (external link)Wenatchee-WMC 5.88 (external link)Woodinville-WMC 3.43 (external link), Issaquah 2020 Target Area Designation (PDF), Ferndale 2021 Update to Extend MFTE Program (PDF), Renton 2021 Update to Add 20 Year and Extend Program (PDF), Seattle 2021 Update to Add 20 Year and Update Program (PDF), Equity Index Resolution No. To qualify for benefit tax years 2023, 2022, 2021 & 2020 you will need to meet the following criteria: Age/Disability Born in 1961 or earlier (61 years of age by December 31st of the prior year of the benefit tax year) Disabled or a veteran with at least an 80% total disability rating Ownership/Occupancy Trainings will be live webinars. In 2021, significant changes were made to the program, find a summary at this link. Eligible residents will receive a restricted rent that is capped at a maximum amount for a defined period. Latest News. Email: Housing@seattle.gov, Sign up for the latest updates from Housing. Under a Multifamily Tax Exemption (MFTE), cities define residential target areas with insufficient housing opportunities where development is eligible for MFTE. MFTE requirements and extensive application help Anybody that has got approved for the MFTE housing did you actually have to send in 6months of bank statements including Venmo, cash app and PayPal accounts?? For each restricted unit, the maximum allowable income (by household size) and housing cost (by unit size) aligns with the affordability level set by covenant or other regulatory agreement. In-unit Amenities. The mission of the Office of Housing (OH) is to create strong, healthy communities, prevent displacement and increase opportunities for people of all income levels to live in Seattle. The Seattle City Council adopted MFTE in 1998 and reauthorized the program, with amendments, five times since then. Studio and 1 bedroom units must be affordable to those earning 70% of the King County AMI; and. To apply for a Conditional or Final Certificate of Property Tax Exemption, please use the following forms: Please enable JavaScript in your browser for a better user experience. 999 Hiawatha. Youll need to contact properties and ask about their current availability. To access the information, click on the link to the recording. $1,410 517ft2 - (Seattle) $2,085 mar 2 2-Bedroom MFTE Home Available For Immediate Move In! Rainier Valley Affordable Homeownership Initiative, resources on their rights and responsibilities here, Special Outreach for Affirmative Marketing, Community-based Organizations for Affirmative Marketing, MFTE Distribution, Comparability and Bedroom Criteria, MFTE Director's Rule - MFTE Unit Distribution in Towers, 700 5th Ave, Suite 5700, Seattle, WA, 98104, Incentive zoning compliance for property managers, Read Seattle laws for renters and landlords. Initial Applications for new Multifamily Housing projects must be submitted to the Office of Housing at least 180 days prior to the temporary certificate of occupancy. 2 0 obj These homes are available to low to moderate income households, with specific income requirements dependent on the size of the household and the number of . City of Seattle MFTE homepage Spreadsheet of properties View Buildings Autor do artigo Por ; Data do artigo album of the year 2022 grammy vote; red panda mining discord . New things can arise all the time, and will require nimble, well-informed staff one recent development is the rise of AirBnb and other new types of home rental services. Household income for our MFTE units must be below the HUD Income Limits for Seattle as follows: For Studios - 65% Median Income. MFTE program guidelines and forms for initial and on-going compliance and annual reporting can be found by clicking the links below: Certification of Household Eligibility Annual Project Certification Details for Income-Restricted Units Rent and income limits MFTE Compliance Manual Self-employment Verification Employment Verification Age 55 or older. The light rail station subarea MFTE area boundaries have been expanded to match the full extent of the light rail subareas, including current and future rezone phases. Login. 2021-23 creating a City Multifamily Property Tax Exemption (MFTE) program.. In October of 2021, Ordinance No. The increase in income from 2018 to 2019 was 7.7%. Learn more ways to build your financial confidence and get closer to reaching your financial goals with Financial Literacy Month events and resources offered by The Whole U and its partners. You can email Brandon Thomas, general manager of Bridges @ 11th, with your questions. Posted on April 21, 2021 by Yasemin Gurz. Inquire, Apply, Get Up To 6 Weeks Free! Emerson is proud to offer a select number of income-qualified apartment homes through three different affordable housing programs, including MFTE, to make high-quality apartment living more attainable in the Seattle community. ONE MONTH FREE RENT! Property management education. Encourage more mMultifamily hHousing opportunities within the cCity; 2. If you have any questions please contact OFH_MFTE@seattle.gov, Use this link to download an Overview of the MFTE Application Process for Program 6 projects. On November 9, City Council approved Ordinance No. These kinds of issues affirm the need for cities to develop clear goals and intended purposes when establishing incentives like MFTE, to help provide guidance when challenges arise as the market changes. OH compliance staff review projects yearly and perform on-site file audits every one to three years. 2 bedroom or larger units must be affordable to those earning 80% of the King County AMI. $2,195. Unit mix and definitions. you are in the lower half of Seattle, income-wise. To qualify for MFTE, you will need to verify that your household income falls within income eligibility limits which currently range from 40% 90% of Seattles area median income (AMI). Visit the priority access rentals and affordable housing website for more information and subscribe to the UW Insider for updates about affordable housing resources. Between 2007 and 2018, 424 developments throughout Washington State received MFTE exemption. I successfully included another important amendment to increase the number of setaside units. Doug Trumm. These homes are available to low to moderate income households, with specific income requirements dependent on the size of the household . Kerry Feeman <> 75% AMI 2-bedroom. <>/Metadata 702 0 R/ViewerPreferences 703 0 R>> Crew Apartments. An email will be sent several days before the webinar you have registered for with the link and other material. (206) 496-0769. Applicants must apply for a Conditional Certificate of MFTE prior to receiving building permits. Additional information about current income restrictions and about the MFTE program can be found on the City of Seattle's website here . The program authorizes 8, 12 and 20-year property tax exemptions to encourage the development of multifamily housing. Copyright 2023 Seattle Housing Authority, Income level - Housing Choice Voucher program, Commercial space available in Seattle Housing Authority community - NewHolly Family building - Childcare Space, Accidental Death and Dismemberment Insurance, Housing Authority Insurance Group Life Insurance, Multi-Family Tax Exemption Program (MFTE), Property Managers can send their completed. Seattle (September 24) - Seattle Mayor Jenny A. Durkan today signed into law her plan to renew and expand the Multifamily Tax Exemption (MFTE) program that provides affordable rent to Seattle families and held a swearing-in ceremony for Emily Alvarado, the new permanent Director of the City's Office of Housing.. mfte seattle qualifications. MFTE applicants can have a maximum income of $49,400 for a single household, or $56,450 a two-person household. Apply And Get Up To 6 Weeks Free! True to MFTE's original goal of channeling growth back in urban areas, nearly half of developments receiving MFTE were created in Seattle alone, amounting to 17,432 . Encore at Columbia Station has 2 shopping centers within 1.2 miles, which is about a 3-minute drive. In these areas, approved multifamily projects are exempt from ad valorem property taxes for a period of eight or 12 years, per RCW 84.14. Accessibility Statement The MFTE program provides a tax exemption on new multifamily buildings in exchange for setting aside 20% of the homes as income- and rent-restricted. Other monitoring concerns. Dogs Welcome. To qualify for these programs, households must fall within certain income limits, which vary based on the size of your household and number of bedrooms. Sora Apartments - MFTE. Management maintains the building clean. Disabled. The Multifamily Property Tax Exemption (MFTE) Program provides a tax exemptionon eligible multifamily housing in exchange for income- and rent-restricted units. There is a select number of homes in this property that are part of this program. Download the Initial Application to the MFTE Program below. . Shoreline uses the HUD determination of the King County Adjusted Median Income (AMI) to determine affordability, and the city adjusts the percentage based on unit size: MFTE program guidelines and forms for initial and on-going compliance and annual reporting can be found by clicking the links below: Shoreline's MFTE program is currently offered in nine areas. 4 0 obj You do not make application for housing through the Seattle Office of Housing. An urban center must contain: (a) Several existing or previous, or both, business establishments that may include but are not limited to shops, offices, banks, restaurants, governmental agencies; (b) Adequate public facilities including streets, sidewalks, lighting, transit, domestic water, and sanitary sewer systems; and (c) A mixture of uses and activities that may include housing, recreation, and cultural activities in association with either commercial or office, or both, use. (RCW 84.14.010). Privacy Policy Affordable housing below market rates are available to individuals and families that meet the income guidelines. Learn more about the MFTE Program at STAZIONE25 in Seattle, WA. Building Infrastructure Questions regarding Affirmative Marketing requirements should be directed to OFH_MFTE@seattle.govat (206) 386-1366. Dog & Cat Friendly Fitness Center Dishwasher Refrigerator Kitchen In Unit Washer & Dryer Walk-In Closets Clubhouse Balcony. For projects nearing the end of their 12-year MFTE program, a 12-year extension is available for application. MFTE units will be highly desirable and the supply will likely not meet demand. MFTE Program Available! The percentage of affordable units reserved is another item to balance along with targeted income level. The required public benefit to obtain the eight year exemption is left to the citys discretion, andaffordable housing is not required, though a city may choose to do so. This property participates in the City of Seattle Multifamily Property Tax Exemption (MFTE) Program. Seattles Office of Housing website includes full details about the program, including answers to frequently asked questions about MFTE, but the team at Bridges @ 11th shared some MFTE highlights to help you determine if the program may be right for you and walk you through the typical MFTE process. To qualify for MFTE, you will need to verify that your household income falls within income eligibility limits which currently range from 40% - 90% of Seattle's area median income (AMI).

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