Multifamily Property Tax Exemption
With so many people flocking to Seattle for high-paying tech jobs and more tech companies moving to our city, we have become stretched for affordable housing. Maintaining affordable housing is an important commitment as it is proven to build stronger, safer, and more vibrant communities.
Keelson Ballard is proud to participate in the Multifamily Property Tax Exemption (MFTE) program which provides a tax exemption on new multifamily buildings in exchange for setting aside 20% of the homes as rent-restricted residences. By supporting mixed-income residential development in the urban centers, the MFTE program ensures affordability as our city continues to grow.
To qualify under the MFTE program, household income must be below 75% of the area median income for 1 bedroom and below 85% for 2 bedrooms. Please go to MFTE Income and Rent Limits to find out if you qualify.
In order to participate, please submit a completed Resident Eligibility Application as well as an Employment Verification form with your application. These may be sent to firstname.lastname@example.org.
For even more information about the program, please read the Department of Housing Renters Guide.
Contact the Leasing Office - call 206.604.4356 today to learn more.
Our Response to COVID-19
We understand that these are trying times. Finding a new home should be pleasant! At Keelson Ballard, we offer you the safest possible experience with personal video tours and complete layout information provided digitally. For those who wish to tour in person, rest assured knowing that we follow all CDC guidelines which include social distancing, mask-wearing, and sanitization of all surfaces before and after your tour. Your new home search is important to us. Please call us with any questions or requests. We are here to help you in every way!