Cheerleading Won’t Help Confusion About HALA and Grand Bargain
Yes, confusion. And being confused about the Mayor’s Housing Affordability and Livability Agenda (HALA) Committee’s recommendations is not the sign of being poorly informed or not that bright. It is confusing, especially if you’re not doing this work all day. Over the weekend I pointed out on the City Builders page on Facebook that even […]
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 […]
City Doesn’t Want 100 Percent Participation in MFTE
The City of Seattle has a mystifying but ultimately understandable attitude toward one of it’s most successful housing programs, the Multifamily Tax Exemption (MFTE) Program. The MFTE program has efficiently created thousands of units of rent restricted housing by reducing property taxes on a new housing project and that deferred tax is passed on to […]
