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Council sets Jan. 21 public hearing on expanding multifamily tax exemption program

2095662 · January 8, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Lacey City Council unanimously adopted Resolution 1161 to set a Jan. 21 public hearing on potential expansion of the city's multifamily tax exemption (MFTE) program and related changes to program terms.

The Lacey City Council voted unanimously Jan. 7 to adopt Resolution 1161, which sets a public hearing for Jan. 21 on proposed changes to the city’s multifamily tax exemption (MFTE) program.

The resolution notifies the public of the council’s intent to designate the Neighborhood Commercial District as a new residential target area and to consider offering both the 12‑year and 20‑year MFTE options there. Council members also directed staff to explore expanding the Woodland District’s MFTE to include a 20‑year option and to create a 12‑year extension option for…

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