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Title:
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Ordinance amending chapter 4.52 of the Bellevue City Code to increase utilization of the City’s Multifamily Tax Exemption (MFTE) Program and promote the construction of affordable housing by expanding program options, clarifying program standards, revising exemptions applicable to areas with mandatory inclusionary zoning or near frequent transit service, improving alignment with land use codes, updating definitions, administrative and monitoring provisions, and correcting typographical errors and internal citations; providing for severability; and establishing an effective date.
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