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Seattle City Council Bills and Ordinances

Information modified on April 23, 2025; retrieved on June 15, 2026 8:19 AM

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Ordinance 127187

Introduced as Council Bill 120943

Title

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.

Description and Background

Current Status:Passed
Fiscal Note:Fiscal Note to Council Bill No. 120943
Index Terms:MULTI-FAMILY-RESIDENTIAL-AREAS, PROPERTY-TAXES, LOW-INCOME-HOUSING, COMMUNITY-DEVELOPMENT
References:See the complete Legislative History.

Legislative History

Sponsor:Cathy Moore
Date Introduced:February 25, 2025
Committee Referral:Housing and Human Services
Committee Action Date:February 26, 2025
Committee Recommendation:Pass
Committee Vote:4 (Moore, Nelson, Rinck, Saka) - 0
City Council Action Date:March 4, 2025
City Council Action:Passed
City Council Vote:8-0 (Excused: Solomon)
Date Delivered to Mayor:March 6, 2025
Date Signed by Mayor:
(About the signature date)
March 6, 2025
Date Filed with Clerk:March 6, 2025
Signed Copy:PDF scan of Ordinance No. 127187

Text

Attachments

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