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.