What is the MFTE Program?
The LINE is proud to offer Multifamily Tax Exemption (MFTE) homes to make high-quality apartment living more attainable in the Shoreline community. This program is to provide affordable housing in Shoreline by preserving and increasing the supply of housing for low to moderate income households. There are a select number of homes in this property that are part of this program. These homes are available to low to moderate income households with specific income requirements dependent on the size of the household and the number of bedrooms. These homes are open to all prospective residents that meet our property's rental screening criteria and are determined to be income eligible for the MFTE program. Prospective residents will complete the property's standard rental screening process. Once complete, the property will certify the income of the household to determine program eligibility. To be considered eligible, the applicant must demonstrate that the total anticipated household income for the year after move-in is below a maximum income limit for the home. Eligible residents will receive a restricted rent that is capped at a maximum amount for a defined period. Ineligible applicants may not rent the income restricted apartment home.
To qualify for Shoreline's MFTE program:
Households must fall within certain income limits, as defined on the City of Shorelines affordable housing site. Look for the current rent and income limits link to see if your income falls under the maximum, measured as a percentage of AMI (area median income).
MFTE income limits at The LINE are:
- 70% of AMI for studios
- 70% of AMI for one-bedrooms
- 80% of AMI for two-bedrooms
Please get in touch with our leasing team with any questions about income-restricted apartment homes. Your new home awaits!