Tacoma City Council Votes to Adopt Proposed Changes to Multifamily Property Tax Exemption Program
The Tacoma City Council voted on November 9, 2021, to adopt Resolution 40866, which amends the Multifamily Property Tax Exemption (MFTE) program to expand financial incentives for constructing affordable housing. Council members highlighted the importance of community input and collaboration with developers to address Tacoma's housing needs effectively, aligning with state growth management requirements.