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Council OKs 12‑year multifamily‑tax exemption for Bradley Heights project; staff cites modest near‑term cost
Summary
The council approved a 12‑year multifamily tax exemption for a Bradley Heights apartment project; staff said the exemption will reduce city property tax revenue for the exemption period but projects net revenue after the term.
Puyallup — The City Council voted April 29 to approve a 12‑year multifamily‑tax‑exemption (MFTE) agreement with Bradley Heights SS LLC for a new multifamily project on Seventh Avenue Southeast.
Rachel Brown, senior planner, told council the project site — the former Meridian Mobile Home Park — is approximately 10.767 acres and proposes multiple apartment buildings and an amenity building with a pool. Brown said the project applied for the 12‑year MFTE conditional certificate and met the program’s eligibility criteria because it includes a mix of affordable units required by the 12‑year option.
How the program works: Brown outlined…
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