Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council reviews 12-year multifamily tax exemption for 505 Union Avenue adaptive-reuse project
Summary
City staff presented a 12-year Multifamily Tax Exemption (MFTE) proposal for a 64-unit adaptive-reuse housing project at 505 Union Avenue ("The Gibson"). Council discussion was limited; the item had been pulled for discussion from the consent calendar and proceeded toward adoption as part of the consent calendar.
The City of Olympia received a presentation on Feb. 25 about a proposed 12-year Multifamily Tax Exemption (MFTE) agreement for a redevelopment at 505 Union Avenue known as "The Gibson." Jacinda Stelches, housing program manager in the Community Planning and Development Department, told the council the project would convert underutilized office space into 64 studio and one-bedroom units that would qualify for the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
