Murray praises expansion of Multifamily Tax Exemption

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.”