Now Pre-Leasing!
State Street is proud to offer 27% of all homes (158 total) as affordable housing units through Seattle’s Multifamily Tax Exemption (MFTE) and Mandatory Housing Affordability (MHA) programs to make high-quality apartment living more attainable in the Seattle community.
To qualify for these programs, households must fall within certain income limits, which vary based on the size of your household and number of bedrooms. After completing Thrive's standard application and screening process, the leasing team will need to certify that your household income is eligible for the program associated with the home you've selected. If approved, your income-qualified rent will be capped at a maximum amount for the length of your lease term.
MFTE income restrictions at State Street are:
• 60% of AMI for studio and open one-bedroom apartments
• 70% of AMI for one-bedroom apartments
• 85% of AMI for two-bedroom apartments
MHA income restrictions at State Street are:
• 60% of AMI for open one-bedroom apartments
• 60% of AMI for one-bedroom apartments
• 60% of AMI for two-bedroom apartments
Navigate to MFTE & Incentive Zoning > Income & Rent Restrictions on the City’s affordable housing site to see if your income falls under the maximum, measured as a percentage of AMI (area median income). And please get in touch with our leasing team with any questions about income-restricted apartments and pricing ranges.