The Olympia Standard

#103: The Multifamily Tax Exemption and You

01.11.2024 - By The Olympia StandardPlay

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We conducted a couple of interviews about how the Multifamily Tax Exemption (MFTE) impacts the city in terms of growth, housing affordability and finances. We sat down with Darian Lightfoot from the city in the first segment to go over recent changes in Olympia's MFTE. In our second segment, with talked to Robert Pantley and Angela Rozmyn from Natural and Built Environments to talk about their experiences statewide with the MFTE.

Natural and Built Environment: https://www.naturalandbuilt.com/

We discussed a specific kind of city landscape analysis that looks at city infrastructure costs and tax productivity. A good example in the Pacific Northwest is one conducted in Eugene, OR: https://www.urbanthree.com/case-study/eugene-or/

As a good, all-around, backgrounder on the MFTE, the state Department of Commerce is hard to beat: https://www.commerce.wa.gov/serving-communities/growth-management/growth-management-topics/planning-for-housing/multi-family-housing-property-tax-exemption-program/

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