Multifamily Tax Exemption

The Multifamily Property Tax Exemption (MFTE) Program provides a tax exemption on new multifamily buildings in exchange for setting aside 20-25% of the homes as income- and rent-restricted. By supporting mixed-income residential development in the urban centers, the MFTE program ensures affordabilty as the community grows.

The MFTE program was renewed on November 1st, 2015.  Click here to see the new ordinance.

• Developers and owners applying to the MFTE program can contact Mike Kent at 206.684.0262 for more information.
• Prospective renter applicants can find more information about the MFTE program and other income and rent restricted properties here.
• Property managers at buildings participating in MFTE can find compliance resources here.
• Current MFTE tenants can find resources on their rights and responsibilities here.

In conjunction with the MFTE application, owners/developers must also submit to the Office of Housing a Letter of Intent to Implement Affirmative Marketing Plan. MFTE applications will not be considered complete without a signed Letter of Intent. Additional information can be found on the Affirmative Marketing requirements info sheet. Properties implementing Affirmative Marketing Plans may use this list of community based organizations to assist their special outreach efforts.

Questions regarding Affirmative Marketing requirements should be directed to Stephanie Velasco (stephanie.velasco@seattle.gov) at 206.256.5359.