by Emerald Staff
The federal government is releasing money to get people experiencing homelessness into stable housing through its coronavirus relief spending, and although the figure is substantial, it’s likely not enough to house all those who need it. According to a report released from Third Door Coalition last May, Seattle needs to build 6,500 units of housing over the next five years to adequately house its homeless population, at an estimated cost of $1.6 billion.
Continue reading Seattle and King County Receiving $26 Million in Federal Aid to Address Homelessness
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