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448 sqft. Renters: This page is intended for property managers of buildings participating in the MFTE, MHA and IZprograms. In 2021, significant changes were made to the program, find a summary at this link. These maximums are expressed as percentages of the area median income. All properties participating in the MFTE and Incentive Zoning programs must certify that applicants are income eligible for the program(s). x]mo9n -v0vI.Hv&&8V-9WUdwEzq9p$fU=UEV-EtpXIinlg,xM=w$N_%(r~_/OETF/^ &D$,.eTde_.Wi~b ={[O.^;,M|UTEd2EV!VAB4Fp$tX.WpG|e=exa mQGp(hfCD{{}+13=Q[)j1+Me?.u, =K^%\. In 2021, significant changes were made to the program, find a summary at this link. Under a Multifamily Tax Exemption (MFTE), cities define residential target areas with insufficient housing opportunities where development is eligible for MFTE. You may qualify for an income limited home if your household income is at or below the following limits*: Household Size. The MFTE Apartment rate you've been waiting for! This page will have continuous updates on the program so check back often. $2,195. Kerry Feeman 1 0 obj An email will be sent several days before the webinar you have registered for with the link and other material. Skip to main content Toggle Navigation. $43,320. 34,885 new units of housing were created, 21% of which were designated as affordable. This entry was posted in Financially Fit, Life Events and Changes, Whole U Program Information. $2,224 - 6,330. If your preferred property does not have MFTE units available, ask if they have an MFTE wait pool or contact list. Growing the Economy <> These homes are available to low to moderate income households, with specific income requirements dependent on the size of the household and the number of . Employment Security, /*/Metadata 702 0 R/ViewerPreferences 703 0 R>> The light rail station subarea MFTE area boundaries have been expanded to match the full extent of the light rail subareas, including current and future rezone phases. Budget advisors generally recommend keeping housing costs at 30% of your households income or less. These homes are open to all prospective residents that meet the propertys rental screening criteria and are determined to be income eligible for the MFTE program. For new buildings, SHAs Owner Liaison will reach out to set up time to discuss the HCV program and set up a pre-inspection of your units; Housing Counselors will share information about your rentals with our voucher holders. Shoreline uses the HUD determination of the King County Adjusted Median Income (AMI) to determine affordability, and the city adjusts the percentage based on unit size: MFTE program guidelines and forms for initial and on-going compliance and annual reporting can be found by clicking the links below: Shoreline's MFTE program is currently offered in nine areas. 4 0 obj The Seattle Housing Authority partners with the Office of Housing and MFTE property managers in facilitating the programs affirmative marketing requirements. Contact Us Phone Number (206) 420-2399. Between 2007 and 2018, 424 developments throughout Washington State received MFTE exemption. As a result, these units will rent quickly, and often to those households that are bestinformed about the MFTE program. UW employees receive priority access to rent-restricted MFTE units at Bridges @ 11th, an apartment complex located in the University District. $1,450 1br - 611ft2 - (South Seattle, Beacon Hill, Martin Luther King Way) $2,195. Income Guidelines . Have applicants disclose all income sources onResident Eligibility Application (REA), Obtaindocumentationfor each income source and asset disclosed by applicant, Calculate total household income from source documentationand enter into Household Eligibility Certification (HEC), Rainier Valley Affordable Homeownership Initiative, 2022 MFTE/IZ/MHA Annual Property Cerification Form, Renter's Guide to the City of Seattle's MFTE and IZ Programs, HUD 4350.3 REV-1Chapter 5 Determining Income and Calculating Rent, Fair Housing in Washington State for Property Owners and Managers, Household Eligibility Certification (HEC), 700 5th Ave, Suite 5700, Seattle, WA, 98104, Incentive zoning compliance for property managers, Read Seattle laws for renters and landlords, Seattle Office of Housing programs primarily use the Seattle Housing Authority's (SHA) utility allowance when determining maximum rent levels (see Income & Rent Limits).