Council Moves to Vote on Changes to the MFTE in Downtown
The Bellevue City Council is set to vote on proposed amendments to the Multi-Family Tax Exemption (MFTE) on February 5, 2018, aimed at increasing participation among developers in downtown Bellevue. The amendments would simplify the affordable housing requirements, mandating that 20% of units be offered at 70% of the King County median income, addressing the current low participation in the program.