Bellevue council approves expanded use of tax break for affordable housing

Bellevue City Council adopted an amendment to its Multifamily Tax Exemption (MFTE) program Monday night that affordable housing advocates hope will help create more workforce and low-income housing options. The move comes at the urging of representatives from Amazon.com Inc. and Microsoft Corp., which are attracting well-paid tech workers to Bellevue who are depleting its housing supply and driving up prices. Both companies have announced major affordable housing investments in recent years. The…