by Andrew Engelson
In an online news conference on Tuesday, the City of Seattle’s Office of Housing announced a new round of $55.8 million in affordable rental and owned housing that would create 840 new units, putting the City on track to either approve or start construction on a record $115.8 million worth of new affordable housing in 2020. The funds, which in total will create 1,430 units in projects across the city, include $62.58 million from a 2016 voter-approved housing levy, $5 million from HOME, a federal Department of Housing & Urban Development (HUD) program that makes grants to states and local governments, and $53.22 million from the City’s Incentive Zoning and Mandatory Housing Affordability programs.
The fund represents a major leap forward for low- and moderate-income housing in Seattle during a year marked by the COVID-19 pandemic and a major economic downturn. Eager to burnish her legacy after announcing she won’t run for another term, Mayor Jenny Durkan’s office pointed out that the City and City Council have funded $400 million to create 5,300 new affordable units since Durkan took office in 2017.
Continue reading City of Seattle Announces $55.8 Million in New Affordable Housing Projects, Including Partnerships With Black Church Housing Nonprofits →
