MFTE Creates More Savings for Renters than Mandatory Inclusion

Let’s do a more detailed comparison of housing produced under the City’s Multifamily Tax Exemption (MFTE) Program and the housing that might be produced under the Mandatory Inclusionary Zoning (MIZ) proposal that is part of the so called Grand Bargain. Example: A 50 Unit Small Efficiency Dwelling Unit (SEDU) Project on Capitol Hill, near a […]

Doing the Math: MFTE Creates Many More Housing Units Than Grand Bargain

Let’s take a super quick look at a couple projects that participated in the City’s Multifamily Tax Exemption (MFTE) Program, a very successful program that has produced thousands of units of rent restricted housing for people earning between 60 and 80 percent of Area Median Income (AMI). The MFTE works by giving a property tax […]

The Lawyers: Linkage is Illegal but What About the Bargain Part 2

Yesterday, I posted the text of a letter signed by a group of respected land use lawyers concerning linkage taxes. They thought linkage was illegal and said so in a very bold statement. But how do their comments apply to the Mandatory Inclusion Zoning (MIZ) element in the Grand Bargain. I’ve gone through the letter […]