June 12th, 2008
The Mayor has recently proposed changes to an important affordable housing program that would greatly undermine its effectiveness. This program, the Multi-Family Tax Exemption (MFTE) has helped produce 763 units of long-term, low-income housing since 2004. Under the new proposal, this program will 1) subsidize private developers to build units at essentially market rents, 2) expand the program to build units in neighborhoods that have already met growth targets and 3) raise rents and taxes for the rest of us to pay for it.
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March 12th, 2004
On Monday the City Council will cast two key votes: one on a multifamily housing tax exemption, and another on the Nucor steel City Light contract. They represent shifting millions of tax dollars from developers to homeowners and shifting electrical charges from a single company to other City Light ratepayers.
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February 16th, 2004
This program was created in 1998, during my first year on the Council. It was intended to be an experimental 4-year program providing a ten-year property tax exemption for new housing development located in specific neighborhoods that needed more housing.
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November 24th, 1998
The City Council agreed with the Mayor to fund the Elevated Transit Company (ETC), the body formed by the initiative to pursue the Monorail, for 1999 for another $50,000. This is conditioned on ETC matching it with $61,000 of outside funds. The ETC still has $85,000 of available funds left over from the City’s initial $200,000 contribution to it in 1998.
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Posted: November 24th, 1998 under
Budget and Economic Development,
Government,
Housing,
Parks,
Transportation,
UP.
Tags:
2012 Olympics,
Arboretum,
Elevated Transportation Company (ETC),
low-income housing,
Multi-Family Tax Exemption Program,
Puget Sound Regional Council (PSRC),
Sound Transit,
UP
August 23rd, 1998
This Friday, August 28th, from 5:30 to 8:30 at PRAG House, 747 16th Ave. East (corner of 16th East and East Aloha) there is a benefit for Nick’s City Council Office Fund – for getting more things done! $25 donation appreciated, but your presence is what really counts! Kids welcome, Food, No-Host Bar, Free Henna Tattoos and Poetry – of course!
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Posted: August 23rd, 1998 under
Budget and Economic Development,
Development and Sustainability,
Government,
Housing,
UP.
Tags:
Hildt Agreement,
Housing,
low-income housing,
Multi-Family Tax Exemption Program,
Pacmed-Amazon.com Deal,
Pike Place Market,
summer bash,
Tax Abatement,
The Institute for Washington's Future,
UP
