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.

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.

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