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Lakewood planning commission, staff differ on MFTE 12-year extension and RTA expansion
Summary
At a May 12 Lakewood City Council study session, the planning commission and city staff presented competing recommendations on expanding the city’s Residential Target Area (RTA) for the Multifamily Tax Exemption (MFTE) and on whether a 12‑year MFTE extension should remain available.
Lakewood, Washington — The city’s planning commission and staff presented contrasting recommendations Monday on how to use the Multifamily Tax Exemption program to spur housing in the downtown Central Business District and beyond.
The planning commission recommended a narrow change to the RTA that would add a small “blip” of parcels north of 100th Street and would remove the 12‑year extension allowance for MFTE across zones; city staff recommended expanding the CBD RTA to the full area staff mapped and keeping the longer extension option.
The distinction matters because the 12‑year MFTE extension carries additional conditions, including a 20% set‑aside for affordable units at specified area median income levels and a requirement that owners…
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