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Council adopts changes to multifamily tax exemption program (Ordinance 4,973)
Summary
The council approved Ordinance 4,973 to revise the city’s multifamily tax exemption (MFTE) program: staff will lower the income threshold for the extended 12-year exemption so affordable units must be at or below 80% AMI, remove tenant-income reporting for market-rate properties, align reporting cycles, and allow staff discretion on site visits.
The Ellensburg City Council adopted Ordinance 4,973 on second reading at its Oct. 4 meeting, revising the city’s multifamily tax exemption (MFTE) program to streamline administration and tighten the affordability threshold for the extended 12-year exemption.
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