Teri Stripes can’t prove Spokane’s multifamily tax exemption is an effective tool for encouraging developers to construct dense and affordable housing in a city that badly needs it.
But she can point to some 1,720 new residential units that qualify for the exemption and that were built in Spokane between 2008, when the program started, and 2019, when the city last took tabs on the program and City Council voted to expand its boundaries.
“It’s anecdotal,” she acknowledged. “But it is true.”
At last week’s City Council meeting, more of this anecdotal evidence was presented, when council members considered and approved multifamily tax exemptions for four new projects.
Julie
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