Interested parties may access the application online. The MFTE application fee is $1,500. The application must be submitted prior to or concurrently with a building permit application in order to be considered. The review time for an application is 90 days.
The application is the first step in the process of qualifying for the MFTE. If approved, a conditional certificate will be issued, upon which time the applicant has 3 years to complete the construction or rehabilitation of the multifamily units. If completed in compliance with the contract between the applicant and the city and upon issuance of a certificate of occupancy, the applicant may request a final certificate of tax exemption. The applicant will be required to submit supporting documentation; once all documentation is received and accepted, a Final Certificate of Tax Exemption will be filed with the Kitsap County Assessor.