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Title 08
Chapter 08.15
Section 08.15.030
 

Title 08 Taxation and Revenue

Chapter 08.15 Multiple-family Housing Property Tax Exemption

Section 08.15.030 Residential Targeted Areas – Criteria – Designation
  1. Following notice and public hearing as prescribed in RCW 84.14.040, the council may designate one or more residential targeted areas, upon a finding by the council in its sole discretion that the residential targeted area meets the following criteria:
    1. The residential targeted area is within an urban center.
    1. The residential targeted area lacks sufficient available, desirable, and convenient residential housing, including affordable housing, to meet the needs of the public who would be likely to live in the urban center if affordable, desirable, attractive, and livable residences were available; and
    1. Providing additional housing opportunity, including affordable housing, in the residential targeted area will assist in achieving one or more of the following purposes:
      1. Encourage increased residential opportunities within the City, including mixed-income and affordable housing opportunities; or
      1. Stimulate the construction of new multifamily housing; or
      1. Encourage the rehabilitation of existing vacant and underutilized buildings for multifamily housing.
  1. In designating a residential targeted area, the council may also consider other factors, including whether:
    1. additional housing, including affordable housing units, in the residential targeted area will attract and maintain an increase in the number of permanent residents;
    1. an increased permanent residential population in the residential targeted area will help to achieve the planning goals mandated by the Growth Management Act under chapter 36.70A RCW, as implemented through the City’s current and future comprehensive plans;
    1. encouraging additional housing in the residential targeted area is consistent with public transportation plans; or
    1. additional housing may contribute to revitalization of a distressed neighborhood or area within the City.
  1. At any time the council may, by ordinance, in its sole discretion, amend or rescind the designation of a residential targeted area pursuant to the same procedural requirements as set forth in this chapter for original designation.
  1. The following area, as shown in Attachment A, is designated as a residential targeted area under this chapter:
    1. Spokane’s MFTE
  1. If a part of any legal lot is within a designated residential targeted area with zoning allowing for construction of multifamily housing, Centers and Corridors Zones: CC1, CC2, CC3 overlay, and CC4, Residential Zones: RMF, RHD and Commercial Zones: DTG, DTU, DTS, DTC, CA1, CA2, CA3, CA4, O, OR, NR, NMU, CB, GC and where multi-family housing is allowed in LI as shown in Attachment A, then the entire lot shall be deemed to lie within such residential targeted area. The area designated as a residential targeted area is bound by the streets described in Attachment A. Property located outside of, but adjacent to, the described area is not designated as a residential targeted area.

Date Passed: Monday, August 12, 2019

Effective Date: Monday, August 12, 2019

ORD C35797 Section 1