PROJECTBUDGET PLANNING

MFTE HOMA catalyst ordinance

Bellevue Housing Authority
Detected
Jul 21, 2026
105 days ago
Sector
Grants
Detected 105 days agoJul 21

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From the meeting

On July 21, 2026 staff asked for direction to finalize an ordinance changing the multifamily tax exemption (MFTE) program for housing opportunities in mixed use areas (HOMA). The Council had already directed staff to move toward a four-year catalyst tool, with a two-year lookback, fee-in-lieu changes, and application timing revisions. Staff said the catalyst expires on December 31, 2031.

The decision is moving toward formal ordinance action, so this is a live policy and affordable-housing financing signal rather than a completed award.

Meeting date
July 21, 2026
Agency
Bellevue Housing Authority

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