Title 08 Taxation and Revenue
Chapter 08.15 Multiple-family Housing Property Tax Exemption
Section 08.15.010 Purpose
- The purposes of this chapter are to:
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- encourage more multi-family housing opportunities, including affordable housing opportunities, within the City;
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- stimulate the construction of new multifamily housing and the rehabilitation of existing vacant and underutilized buildings for multi-family housing;
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- increase the supply of mixed-income multifamily housing opportunities within the City;
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- accomplish the planning goals required under the Growth Management Act, chapter 36.70A RCW, as implemented from time to time by the City's current and future comprehensive plans;
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- promote community development, neighborhood revitalization, and availability of affordable housing;
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- preserve and protect buildings, objects, sites and neighborhoods with historic, cultural, architectural, engineering or geographic significance located within the City; and
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- encourage additional housing in areas that are consistent with planning for public transit systems.
- Any one or a combination of these purposes may be furthered by the designation of a residential targeted area under this chapter.
Date Passed: Monday, June 25, 2007 Effective Date: Saturday, August 4, 2007 ORD C34051 Section 1 |
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