Murray applauds Council approval of affordable housing tax exemption change

Mayor Ed Murray issued the following statement upon the passage of an extension of the Multifamily Tax Exemption for developers of small apartments proposed by the Mayor’s Office:

“The council’s approval of changes to the Multifamily Tax Exemption program represents a smart improvement to a tool that helps private developers include below-market rate apartments in their projects. I’m pleased that after weeks of hard work by my office, the Office of Housing and the Council, today’s action will encourage the production of more affordable units in Seattle.”