AN ORDINANCE relating to the Multifamily Housing Property Tax Exemption Program; allowing partial property tax exemptions for commercial to multifamily housing conversion projects; allowing the property tax exemption period to be extended to 24 years for properties with Multifamily Housing Property Tax Exemption expiring end of 2025; changing the MFTE Program’s sunset date to September 10, 2025; and amending Sections 5.73.010, 5.73.020, 5.73.040, 5.73.050, 5.73.070, 5.73.090, and 5.73.120 of the Seattle Municipal Code.

Committee

City Clerk

Requested by

CBO-OPI

Introduced

February 11, 2025

On agenda

March 4, 2025

Passed

March 6, 2025

Enacted

March 6, 2025

Enactment no.

Ord 127187

Where it was heard

City Council Mar 4, 2025 passed Pass Housing and Human Services Committee Feb 26, 2025 pass Pass

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