Building Awards and Accolades
The Cove is an award winning, certified LEED Platinum community right in the heart of Capitol Hill. Our apartment homes are the perfect living space to relax and unwind from a long day on the town. At The Cove we believe “Everything good starts at home.”
The Cove’s excellent location makes it easy to navigate the city in any direction. Pike Place Market, Amazon’s Corporate Headquarters, Seattle University, and Seattle Central Community College are all just a stone throw’s away. Capitol Hill’s light rail station is only a 10 minute’s walk. There is easy access to I-5, and Microsoft’s Connector Bus stop is only a block away from the Cove’s front doors. Major grocery stores such as Whole Foods and QFC are in walking distance.
Affordable Housing Through MFTE
The Cove is proud to participate in Seattle’s Multifamily Property Tax Exemption (MFTE) program. This program provides a tax exemption in exchange for setting aside 20% of a community’s apartment units as income and rent-restricted. This ensures affordability as our neighborhood and city grow!
Income Thresholds
In order to qualify for MFTE homes at the Cove, household income must be below the following
Studio: 65% of the area median income
1-bedroom: 75% of the area median income
2-bedroom: 85% of the area median income
Application Process
The Cove is in MFTE Program 4. In this version of the program, prospective residents must only qualify for the program at the time of application. Unlike in newer veresions of the program, residents do NOT need to requalify on an annual basis and risk losing their MFTE discount!