Multifamily Tax Exemption · Seattle

City of SeattleIn partnership with the City of Seattle Office of Housing

MFTE Program

Ori Stone Way participates in the City of Seattle's Multifamily Tax Exemption (MFTE) program — reserving a portion of our apartments at income-restricted rents for qualifying residents. Same building, same amenities, a more attainable lease. Utilities included.

View MFTE Floor PlansBook A Tour Now
Ori Stone Way apartments exterior

MFTE Units Available

Starting from $1,699/month (utilities included)

Who qualifies

Could this be you?

Eligibility for MFTE homes is based on your household size and annual income, using Area Median Income (AMI) limits set by the City of Seattle and updated each year.

If your household income falls within these limits, an MFTE home at Ori Stone Way may be a good fit.

  • Household size matches the floor plan

    Occupancy guidelines vary by floor plan and are confirmed during the application process.

  • Income within MFTE limits

    Your total household income must fall within the required AMI range for the unit — typically between ~65% and 85% of Area Median Income, depending on unit type.

  • Annual income recertification

    MFTE homes require annual income checks to ensure continued eligibility throughout your lease.

  • Student eligibility considerations

    Households made up entirely of full-time students may have additional restrictions. Some exceptions may apply — please check with leasing for details.

MFTE Program · Income Limits

Maximum household income by unit type.

To qualify for an MFTE-eligible apartment at Ori Stone Way, your household's annual income must be at or below the percent of Area Median Income (AMI) shown for that unit type, scaled to the size of your household.

StudioUp to 2 people

65% AMI

1 BedroomUp to 3 people

75% AMI

2 BedroomUp to 5 people

85% AMI

Annual income limits by household size

Maximum annual household income to qualify for an MFTE unit, by household size and unit type
Household size
Studio65% AMI
1 Bedroom75% AMI
2 Bedroom85% AMI

1 person

Single occupant

$74,815

per year, max

$86,325

per year, max

$97,835

per year, max

2 people

Couple

$85,540

per year, max

$98,700

per year, max

$111,860

per year, max

3 people

Small family

—

studio not eligible

$111,000

per year, max

$125,800

per year, max

4 people

Family

—

studio not eligible

—

1 bedroom not eligible

$139,740

per year, max

5 people

Large family

—

studio not eligible

—

1 bedroom not eligible

$150,960

per year, max

Limits are based on annual gross household income and reflect the maximum to qualify. Figures are published yearly by the Seattle Office of Housing. Maximum occupancy varies by unit: Studio (2), 1 Bedroom (3), 2 Bedroom (5). Cells marked — indicate that unit type is not available for that household size.

Source · Seattle Office of Housing

2026 - 2027 Income & Rent Limits

Effective Date: May 15, 2026

How it works

From curious to keys.

Getting an MFTE home is simple — just one extra step to confirm your income eligibility.

  1. 1

    Step 01

    Check the limits

    See if your household income falls within the listed range.

    ~5 minutes

  2. 2

    Step 02

    Find your home

    Tour available layouts and choose what works for you.

    in-person or virtual

  3. 3

    Step 03

    Submit income verification

    Apply online and submit your income documentation: pay stubs, tax returns, asset statements.

    ~30 minutes

  4. 4

    Step 04

    Income document review

    Our staff will review and certify your eligibility. We'll keep you posted with status updates throughout.

    5–10 business days

  5. 5

    Step 05

    Sign & move in

    Standard lease plus a brief MFTE rider. Once a year, you'll recertify your income — that's the only ongoing difference.

    welcome home