INCOME-RESTRICTED HOUSING

Valdok Apartments has a limited number of apartment homes available at below market rents for qualifying individuals and families.

WHAT IS THE MULTIFAMILY PROPERTY TAX EXEMPTION (MFTE) PROGRAM?

The MFTE Program is designed to provide affordable housing in Seattle for income-eligible households.

Apartment Size:

Studio / 1 Bathroom (65% AMI)
Rental Price Up To $1,870
Max Annual Gross Income of 1 Person Household =$74,815
Max Annual Gross Income of 2 Person Household =$85,540

1 Bedroom / 1 Bathroom (75% AMI)
Rental Price Up To $2,312
Max Annual Gross Income of 1 Person Household =$86,325
Max Annual Gross Income of 2 Person Household =$98,700

2 Bedroom / 2 Bathroom (85% AMI)
Rental Price Up To $3,145
Max Annual Gross Income of 2 Person Household =$111,860
Max Annual Gross Income of 3 Person Household =$125,800
Max Annual Gross Income of 4 Person Household =$139,740