Developers seeking tax breaks for building multifamily residences in Tacoma so far this year are submitting smaller projects.
Tacoma City Council on March 24 approved the fourth multifamily property tax exemption project so far this year, with two more proposals waiting in the wings.
The bulk of them are taking the 12-year MFTE option, where 20% of the units must be affordable at 70% Pierce County Area Median Income ($84,560 for a family of four as of last year’s limits) for 12 years…