Murray praises expansion of Multifamily Tax Exemption

SEATTLE – September 29, 2015 – (RealEstateRama) — Mayor Ed Murray issued the following statement following the Seattle City Council’s passage of affordable housing legislation (CB 118505) that renews and expands the Multifamily Tax Exemption program:

“The Multifamily Tax Exemption Program continues to be one of the most important tools to create affordable housing for low- and moderate-income residents near transit, jobs and services throughout Seattle.

“Thanks to the Council for its work to expand the tool so that more working families will benefit. We create a new incentive for more family-sized units, require that buildings include more affordable homes, and expand this opportunity to apartment buildings in neighborhoods across Seattle.

“This effort will make a major contribution to creating 20,000 more affordable homes we will need in our community over the next 10 years.”

CONTACT:
Jason Kelly (206) 684-8379