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Council approves MFTE amendment for 1417 Fifth Street, limits affordable‑unit requirement to 20%
Summary
The council approved Resolution 2025-22 to amend a multifamily tax‑exemption agreement for a 14‑unit project at 1417 Fifth Street so that 20% (three) units must be designated affordable — a change the developer said corrects a scrivener's error in the original application.
The Wenatchee City Council on July 10 approved Resolution 2025-22 to amend a multifamily housing limited property tax‑exemption agreement for a 14‑unit building at 1417 Fifth Street, reducing the affordable‑unit obligation in the agreement to the 20% minimum required by state law. Community Development Director Lehi DeVries told the council that the original 2021 application and the April 2023 agreement had required all 14 units to be affordable; the property owner, FCP LLC, said that was a scrivener’s error and that the company intended…
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