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Multi-Family Housing Tax Exemption Ordinance AB 8728

2 stops across 1 body · Nov 20, 2023 → Jan 16, 2024

Summary

Multi-Family Housing Tax Exemption Ordinance (AB 8728) provided tax incentives for new rental housing. Council approved the resolution on January 16, 2024.

Timeline

Each card is one meeting where this item was discussed, oldest first.

Nov 20, 2023 City Council Regular Meeting
Open meeting →
Jan 16, 2024 City Council Regular Meeting Final action here
Action: Approve Resolution
Carried 7-0
In 2017, the City adopted a MFTE program pursuant to Chapter 84.14 RCW, allowing for special valuation of eligible improvements associated with multifamily housing in areas designated by the City Council as "residential targeted areas," for the purpose of increasing residential opportunities for affordable housing. The program is codified at Chapter 3.09 of the Issaquah Municipal Code (IMC). Curre
Open meeting →