AN ORDINANCE relating to the Multifamily Housing Property Tax Exemption Program; allowing partial property tax exemptions for commercial to multifamily housing conversion projects; allowing the property tax exemption period to be extended to 24 years for properties with Multifamily Housing Property Tax Exemption expiring end of 2025; changing the MFTE Program’s sunset date to September 10, 2025; and amending Sections 5.73.010, 5.73.020, 5.73.040, 5.73.050, 5.73.070, 5.73.090, and 5.73.120 of the Seattle Municipal Code.

CB 120943 · Ordinance (Ord) · Passed

Sponsors: Cathy Moore

Timeline

• Feb 12, 2025: Mayor's leg transmitted to Council (Mayor)
• Feb 12, 2025: sent for review (City Clerk)
• Feb 20, 2025: sent for review (Council President's Office)
• Feb 25, 2025: referred (City Council)
• Feb 26, 2025: pass (Housing and Human Services Committee)
• Mar 4, 2025: passed (City Council)
• Mar 6, 2025: submitted for Mayor's signature (City Clerk)
• Mar 6, 2025: Signed (Mayor)
• Mar 6, 2025: returned (Mayor)
• Mar 6, 2025: attested by City Clerk (City Clerk)