Does Seattle have low income housing?
Looking for affordable housing in Seattle? The Office of Housing has collected resources to assist low-income families to find an apartment that fits their budget and needs. The majority of these apartments are rent-restricted and require income verification.
Do I qualify for MFTE Seattle?
To qualify for MFTE, you will need to verify that your household income falls within income eligibility limits which currently range from 40% – 90% of Seattle’s area median income (AMI). If you qualify, your rental rates will be capped based upon your household income and the type of unit you rent.
Are there housing projects in Seattle?
The Seattle Housing Authority began redevelopment in 2013 to replace all 561 original units and add new affordable and market-rate housing in partnership with nonprofit and private developers.
What salary do you need to live comfortably in Seattle?
Income needed: $72,092. 50 percent for necessities: $36,046. 30 percent for discretionary spending: $21,628.
How does Seattle MFTE program work?
The Multifamily Property Tax Exemption (MFTE) Program provides a tax exemption on eligible multifamily housing in exchange for income- and rent-restricted units. By supporting mixed-income residential development in the urban centers, the MFTE program ensures affordabilty as the community grows.
How many affordable housing units are in Seattle?
5,447 affordable units
Overall, as of the end of 2019 there are 5,447 affordable units in the MFTE program, another 1,670 in the pipeline, and 474 that have left the program, mostly by running out of their 12 years.
How many hills does Seattle have?
Geology. Seattle’s topography is due largely to Pleistocene ice age glaciation. Nearly all of the city’s seven hills are characterized as drumlins (Beacon Hill, First Hill, Capitol Hill, Queen Anne Hill, Mount Baker) or drift uplands (Magnolia, West Seattle).