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 $1,448
Max Annual Gross Income of Household w/ 1 person = $ 57,947
Max Annual Gross Income of Household w/ 2 person = $ 66,229
1 Bedroom / 1 Bathroom (70% AMI)
Rental Price Starting at $1,760
Max Annual Gross Income of Household w/ 1 person = $ 67,605
Max Annual Gross Income of Household w/ 2 person = $ 77,267
2 Bedroom / 2 Bathroom (85% AMI)
Rental Price at $2,638
Max Annual Gross Income of Household w/ 2 person = $ 93,824
Max Annual Gross Income of Household w/ 3 person = $ 105,558
Max Annual Gross Income of Household w/ 4 person = $ 117,272
WHAT IS THE MULTIFAMILY PROPERTY TAX EXEMPTION
(MFTE) PROGRAM?
The MFTE Program is designated to provide affordable housing in Seattle for income-eligible households.