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Council approves first reading to expand Mill Plain MFTE target area; staff to return with cost comparison
Summary
Council voted to approve first reading of an ordinance adding a 10-acre site to the Mill Plain multifamily tax exemption target area, potentially increasing income-restricted units if the developer applies; staff will return with a side-by-side financial comparison and supporting documents.
The Vancouver City Council on Jan. 27 approved first reading of an ordinance to expand the Mill Plain Multifamily Tax Exemption (MFTE) target area to include a 10-acre site at the northwest corner of Southeast Fifteenth and 190 Second Avenue, moving the item toward a second reading next week and scheduling a workshop for additional financial detail.
Brian (planning staff) told the council the change is possible because the property was rezoned to allow multifamily R‑22 this past fall; adding the site to the MFTE boundary would create an opportunity for the developer to seek the income‑based MFTE option…
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