MFTE Reauthorization Process is Looking a Lot Like the “Grand Bargain”
Last year, Seattle’s Office of Housing decided to break protocol — and the law — by not following the Department of Housing and Urban Development’s (HUD) income standard for calculation of rents in units in the Multifamily Housing Tax Exemption (MFTE) program. Why? Because incomes went up in 2017 and therefore so did the calculation […]
Forbes: Impact Fees? Local Government Should Provide Infrastructure for Free
I’ve been writing a lot more at Forbes lately. This month has fit that pattern. Yesterday I put up a post there about infrastructure that was based on my thoughts after using bike share on bike lanes here in Seattle. What we’re doing with transportation infrastructure, as a matter of policy, is paying for it […]
No Progress on Reducing Non-Profit Costs
The Daily Journal of Commerce reported last week routine news: more money for non-profit subsidized housing. SEATTLE — The Washington State Housing Finance Commission has approved nearly $269 million in financing for the new construction or preservation of 773 affordable apartments in Western Washington. The five projects are in Seattle, White Center, Bellevue, Mill Creek […]
