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Policy lifecycle

Multi-Family Housing Tax Exemption Ordinance AB 8787

2 stops across 1 body · Feb 5, 2024 → Mar 4, 2024

Summary

Multi-Family Housing Tax Exemption Ordinance expanding the city's MFTE program to encourage residential development in targeted areas. City Council conducted a public hearing on February 5, 2024 and adopted the ordinance on March 4, 2024.

Timeline

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

Feb 5, 2024 City Council Regular Meeting
Action: Conduct Public Hearing
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 IMC. Currently, the City has established on
Open meeting →
Mar 4, 2024 City Council Regular Meeting
Action: Adopt Ordinance
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 IMC. Currently, the City has established on
Open meeting →