CB 120943
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