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Council adopts changes to multifamily housing property‑tax exemption to emphasize shorter term and affordability options
Summary
Council adopted Ordinance 801 on second reading, narrowing MFE options (removing the 12‑year option) and adding an alternate 8‑year option tied to deeper affordability (15% at 60% AMI), while retaining council oversight of MFE contract approvals.
The Woodinville City Council unanimously adopted Ordinance 801 on second reading, amending the city’s multifamily housing property‑tax exemption (MFE) rules. Staff told council the changes follow consultant recommendations and align the MFE with the city’s inclusionary housing objectives.
Key changes: Staff said the ordinance deletes the 12‑year exemption option and adds an alternative 8‑year option tied…
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