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Council expands multifamily tax-exemption boundary to include 10-acre site slated for 222-unit development
Summary
The Vancouver City Council unanimously approved expanding a multifamily tax exemption (MFTE) target area to include a 10-acre site at 190 Second Avenue and Southeast 15th Street that was recently rezoned to R22; a site-specific MFTE application from the developer is expected later.
Vancouver City Council unanimously approved on Feb. 3 a boundary expansion to the city’s multifamily tax exemption (MFTE) target area that adds a 10‑acre site at 190 Second Avenue and Southeast 15th Street to the Mill Plain target area.
Bridal Monroe, identified at the hearing as associate housing coordinator with Economic Prosperity and Housing, explained the purpose of the MFTE program: to encourage private multifamily housing, accommodate population…
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