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 $1,326
Max Annual Gross Income of Household w/ 1 person = $ 53,070
Max Annual Gross Income of Household w/ 2 person = $ 60,650
1 Bedroom / 1 Bathroom (70% AMI)
Rental Price Starting at $1,608
Max Annual Gross Income of Household w/ 1 person = $ 61,910
Max Annual Gross Income of Household w/ 2 person = $ 70,750
2 Bedroom / 2 Bathroom (85% AMI)
Rental Price at $2,375
Max Annual Gross Income of Household w/ 2 person = $ 85,920
Max Annual Gross Income of Household w/ 3 person = $ 96,660
Max Annual Gross Income of Household w/ 4 person = $ 107,400
WHAT IS THE MULTIFAMILY PROPERTY TAX EXEMPTION
(MFTE) PROGRAM?
The MFTE Program is designated to provide affordable housing in Seattle for income-eligible households.