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Enhancing Fair Housing Through Multifamily Tax Exemption in Seattle

Explore how the Multifamily Tax Exemption (MFTE) policy is promoting fair housing and community development in Seattle, focusing on targeted sites like Uwajimaya Apartments, Rainier Court, and Alley 24.

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Enhancing Fair Housing Through Multifamily Tax Exemption in Seattle

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  1. http://planeteyetraveler.com/wp-content/uploads/2010/11/Uwajimaya-Village-in-Seattles-International-District.jpghttp://planeteyetraveler.com/wp-content/uploads/2010/11/Uwajimaya-Village-in-Seattles-International-District.jpg http://www.seedseattle.org/econ_dev/rainiercourt.html Multifamily Tax Exemption Effects in Downtown Seattle http://casestudies.uli.org/DCS_PixShow.aspx?CSId=C037020&PicId=6 Geography 445 Garrett Gerlach Sherwin Lee Zetian Xu

  2. Project Background • Fair housing/Equality of Housing • Fair Housing Act • The Multifamily Tax Exemption (MFTE)as one of the policy changes made by government in order to enhance fair housing

  3. What is MFTE • Residential improvements • Multifamily • Moderate-wage workers/Lower-income families • The exemption can last for 12 years • Encourage more mix-income housing to develop community along with better access to employment and transportation.

  4. Targeted Sites Uwajimaya Apartments • Address: 521 S. Weller, Seattle WA 98104 • Neighborhood: International District/Chinatown • Year Built: 2000 • Total Units: 176 • Affordable Units: 46

  5. Targeted Sites Rainier Court • Address: 3700 Rainier Ave. S. Seattle, WA 98144 • Neighborhood: Rainier Valley • Year Built: 2004 • Total Units: 178 • Affordable Units: 178

  6. Targeted Sites Alley 24 • Address: 224 Pontius Ave. N. Seattle, WA 98109 • Neighborhood: South Lake Union • Year Built: 2006 • Total Units: 172 • Affordable Units: 35

  7. Targeted Sites • Located in Seattle area • Different % of units available to low-income people • Different % of units developed within the last 10 years

  8. Income

  9. Tenure

  10. Non-White Demographics

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