Seattle Gets $28 Million New Markets Tax Credits







Seattle has received $28 million in new markets tax credits that the city said will leverage additional financing for projects located in under-invested communities. Mayor Ed Murray said that “this allocation gives the city an additional tool to work with developers to bring community benefit to neighborhoods in Seattle. These tax credits will help spur additional private investment in neighborhoods that haven’t seen much investment since the recession.” Previous tax credits have helped Seattle developments, including Stadium Place, Retail Lockbox, Bullitt Center, INSCAPE building, and Pike Place Market.