MFTE APARTMENTS
At Origin 206, we understand the need to provide affordable housing and are proud to be part of the Seattle Multifamily Property Tax Exemption (MFTE) program, which allows us to offer rent-restricted homes to individuals with low to moderate income. The maximum allowable income is determined by the Seattle Office of Housing and is expressed as a percentage of the Area Median Income (% AMI). For additional details about the MFTE program, we encourage you to visit the Seattle Office of Housing website or view the MFTE income and rent limits.
If your household income falls within the allowed income limits, you may be eligible for an MFTE home. Applicants interested in renting MFTE units are required to submit a standard rental application. Once that is completed, applicants would go through an income qualification process to determine eligibility for the program. For more information, please don’t hesitate to reach out to our leasing office, we’d be more than happy to assist you.
Below are the minimum and maximum income requirements for the MFTE apartments we have here at Origin 206. Please be sure to check out our floorplans.
1 Bedroom Rent & Income Limits
Price: $1,600
Minimum Income (12 Month Lease): $48,000
Income Cap (1 Occupant): $73,780
Income Cap (2 Occupants): $90,375
Studio Rent & Income Limits
Price: $1,441
Minimum Income (12 Month Lease): $43,230
Income Cap (1 Occupant): $63,240
Income Cap (2 Occupants): $72,300