Studio Apartments | Platform 31

IINCOME-RESTRICTED MFTE UNITS

Platform 31 proud to offer 25% of its homes as affordable housing units through Seattle’s Multifamily Tax Exemption (MFTE) program to make high-quality housing more attainable in our community.

What is the MFTE program?

The Multifamily Property Tax Exemption (MFTE) Program provides a tax exemption on eligible multifamily housing in exchange for income- and rent-restricted units. By supporting mixed-income development in the urban centers, the MFTE program ensures affordability as communities grows.

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. Please note that Columbia City Studios participates in Program 6.

How do I Qualify?

To qualify for the MFTE program, your household’s income must fall within certain limits, which vary based on the size of your household and the size of the apartment. After completing Guide's standard application and screening process, our leasing team will need to certify that your household income is eligible for the program associated with the home you've selected.

FY 2025 Income limits (P6: 50% AMI)

One Person Household
Minimum Income: $37,830

Maximum Income: $50,462

Max MFTE Studio Rent: $1,261
Two Person Household
Minimum Income: $37,830

Maximum Income: $57,675

Max MFTE Studio Rent: $1,261
Three Person Household
Minimum Income: $37,830

Maximum Income: $64,887

Max MFTE Studio Rent: $1,261

What do MFTE units at Platform 31 Look Like?

The MFTE program has high standards for comparability between MFTE and market-rate units which means that the MFTE units at Platform 31 look just like any other unit.

These are the floor plans for our MFTE-designated units.

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How do I Learn More about MFTE Apartments at Platform 31?

The MFTE process may seem a bit confusing at first, but our leasing team is here to help! If you think you may qualify for the program and want to learn more about MFTE apartments at Columbia City Studios, please reach out today, we’d love to hear from you!

360-203-5584

platform31@guidepm.com

4734 31st Ave S

Seattle, WA 98108