MFTE HOMES
Ovation is pleased to participate in the City of Seattle's MFTE program 6, with select homes available at restricted rents for income eligible households.
Current Pricing
Studio / 1 Bathroom (60% AMI)
Rental Price at $1,369
Max Annual Gross Income of Household w/ 1 person = $ 55,452
Max Annual Gross Income of Household w/ 2 person = $ 63,377
1 Bedroom / 1 Bathroom (70% AMI)
Rental Price Starting at $1,665
Max Annual Gross Income of Household w/ 1 person = $ 64,694
Max Annual Gross Income of Household w/ 2 person = $ 73,940
2 Bedroom / 2 Bathroom (85% AMI)
Rental Price at $2,508
Max Annual Gross Income of Household w/ 2 person = $ 89,784
Max Annual Gross Income of Household w/ 3 person = $ 101,012
Max Annual Gross Income of Household w/ 4 person = $ 112,222
WHAT IS THE MULTIFAMILY PROPERTY TAX EXEMPTION
(MFTE) PROGRAM?
The MFTE Program is designated to provide affordable housing in Seattle for income-eligible households.