As Vancouver has grown, housing production hasn’t kept pace
VANCOUVER – The city of Vancouver welcomes community review and input on proposed changes to its Multifamily Tax Exemption (MFTE) program.
As Vancouver has grown, housing production hasn’t kept pace. A housing market study completed by ECONorthwest for the city in 2022 found that Vancouver will need to build 2,500 units per year over the next decade to meet the new demand and close the current gap. The MFTE program is one of many tools that the city uses to encourage housing production. It offers temporary tax exemptions to housing developers for both affordable and market-rate housing projects.
Proposed changes will:
- Add new eligible areas to encourage and incentivize multifamily housing development more equitably throughout the community. The new proposed areas include, Fruit Valley, uptown, the Highway 99 corridor, S.E. Mill Plain Boulevard corridor, Evergreen and Grand corridors, east Vancouver, and the Heights District. These areas are all zoned for multifamily housing and primarily located along rapid transit bus lines. Under the current program, only properties in downtown, the Vancouver waterfront and along Fourth Plain Boulevard are eligible.
- Promote development that creates more walkable neighborhoods and easy use of public transit. This will help decrease the need for car trips and reduce traffic, while positively impacting the climate.
- Support affordable housing development and simplify the existing MFTE program. Proposed changes would require developers to pay in-lieu fees for market rate projects, which could only be spent on affordable housing.
Visit beheardvancouver.org/mfte to view a map of the proposed target areas and the draft program manual. Community members can provide comments on the proposed changes online or by attending one of two upcoming MFTE program information sessions on March 23.
• MFTE Community Info Session #1: 1 to 2 p.m. on March 23
• MFTE Community Info Session #2: 5 to 6 p.m. on March 23
Community members should register for the session that best fits their schedule; the content of each meeting will be the same. Feedback on proposed changes to the MFTE program will be accepted through April 21.
To request interpretation or other accommodations at these sessions, please email william.cooley@cityofvancouver.us.
For more information, contact Samantha Whitley in the Economic Prosperity and Housing Department at samantha.whitley@cityofvancouver.us or (360) 487-7952.
Information provided by city of Vancouver.
Also read:
- CCSO discovers human remains in homeless camp
On Monday, CCSO patrol deputies, acting on an online report from a resident, located partially decomposed human remains in a tent structure at a transient camp in the wooded area north of NE 179th St near NE 10th Ave. - Union High School baseball celebrates those who serve at Honor Game
The Union High School baseball team invited veterans, first responders, and educators to their game against Battle Ground on Tuesday to participate in their Honor Game, celebrating those who serve others. - If voters decide to repeal WA Cares, will the state refund tax collections?If voters approve Initiative 2124 this November to repeal the program known as WA Cares, workers can opt out of having 58 cents out of every $100 earned deducted from their paychecks.
- County Permit Center moves to new office in Public Service CenterThe Clark County Permit Center has a new home within the Public Service Center.
- City of Vancouver wants to hear from the public about city manager recruitment surveyThe city recently launched a nationwide recruitment process to hire Vancouver’s next city manager.
- Vancouver Fire responds to house fireOn Tuesday (April 23) at 3:45 p.m., the Vancouver Fire Department was called for a house fire at 100 S. Knoxville Way.
- Ridgefield School District school bond proposal rejected by votersThe first results of the April 23 special election show the school bond proposal in the Ridgefield School District is currently failing approval.
