Mio Apartments is proud to participate in the Multifamily Property Tax Exemption (MFTE) program. This program provides a tax exemption on new multifamily buildings in exchange for setting aside 20-25% of the homes as income- and rent-restricted. By supporting mixed-income residential development in the urban centers, the MFTE program ensures affordability as the community grows.
In order to qualify for MFTE homes at Mio, household income must be below 65% of the area median income for Studios and below 75% for 1 bedrooms.
For information on current income limits, click here.