The purpose of this chapter, pursuant to Chapter 84.14 RCW, is to stimulate the construction of new multifamily housing and the rehabilitation of existing vacant and underutilized buildings for multifamily housing, which may include affordable housing opportunities, in keeping with the goals and mandates of the Growth Management Act (particularly Chapter 36.70A RCW), within urban centers designated as residential targeted areas where the city has found insufficient housing opportunities, including affordable housing opportunities. To achieve these purposes, this chapter provides for special valuations in residentially deficient urban centers for eligible improvements associated with multiunit housing, which may include affordable housing. [Ord. 4047 § 1, 2016].