Wanted: Affordable housing in Bellevue

Marissa Brent-Tookey

Marissa Brent-Tookey Feb 6, 2018

Feb 6, 2018

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                <h1>Wanted: Affordable housing in Bellevue</h1>
                <h2><p>Bellevue's city council is using a multi-family tax exemption to encourage developers to build affordable housing units in certain neighborhoods, including downtown. According to the Puget Sound Business Journal, at least a fifth of the units built will need to be affordable for tenants making around $38,000</p></h2>
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               <p>By <a href="/author/marissa-brent-tookey-crosscut-com/">Marissa Brent-Tookey</a></p> 
              <p><time datetime="2025-02-04T05:00:00-08:00">Feb 6, 2018</time></p>
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            <p>Bellevue's city council is using a multi-family tax exemption to encourage developers to build affordable housing units in certain neighborhoods, including downtown. <a href="http://www.bizjournals.com/seattle/morning_call/2015/06/bellevue-ups-its-affordable-housing-game-with-new.html?ref=dev.cascadepbs.org">According to the Puget Sound Business Journal</a>, at least a fifth of the units built will need to be affordable for tenants making around $38,000 per year, in order to qualify for a 12-year property tax break. The incentive is estimated to support creation of 45 apartments annually.</p>
          </article>

Bellevue's city council is using a multi-family tax exemption to encourage developers to build affordable housing units in certain neighborhoods, including downtown. According to the Puget Sound Business Journal, at least a fifth of the units built will need to be affordable for tenants making around $38,000 per year, in order to qualify for a 12-year property tax break. The incentive is estimated to support creation of 45 apartments annually.

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By Marissa Brent-Tookey

Marissa Brent-Tookey is an editorial intern at Crosscut. She holds a B.A. in French from Seattle University and now studies film production at Shoreline Community College. In addition to crewing a doz