Seattle Mayor announces affordable housing stretch goal

26 Mar 2015 | posted in: Uncategorized | 0
BY DAVID KROMAN

Mayor Ed Murray announced an ambitious goal to add 50,000 housing units in the city of Seattle Thursday. The units would phase in over the next ten years through partnerships with the non-profit, public and private sectors.

Under Murray’s plan, 20,000 of those units would qualify as affordable housing and 30,000 will be market rate. Exactly how those numbers will be achieved is still unclear, left largely to the Mayor’s Housing Affordability and Livability Advisory Committee (HALA). Their recommendations are due in May.

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Mayor puts a number on ‘affordable housing’

26 Mar 2015 | posted in: Uncategorized | 0

Right now, the Multi-Family Tax Exemption is one incentive the city has been offering developers for some years – if they agree to keep a certain number of units in their projects in certain areas (including West Seattle’s urban villages/centers) at a certain percentage of the area’s median income, they get a 12-year tax break, no property taxes on the residential portion of their buildings.

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Coalition for Housing Solutions proposes policy actions to increase housing affordability

16 Mar 2015 | posted in: Uncategorized | 0
BY MARKHAM MCINTYRE

The Seattle Metro Chamber joined the 23 other businesses and organizations that make up the Coalition for Housing Solutions to send a letter to City of Seattle leaders offering a host of potential actions that would help increase housing affordability in Seattle.
This letter represents the culmination of a series of workshops and economic research done by the Coalition, and the full list of suggestions is in the letter’s appendix.

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Affordable housing: Pressure mounts on Mayor Murray

16 Mar 2015 | posted in: Uncategorized | 0
BY DANIEL BEEKMAN

Players in Seattle’s real-estate industry and advocates for low-income housing are ratcheting up the pressure on Mayor Ed Murray as the May 30 deadline for his task force to issue recommendations on the city’s housing-affordability woes draws closer.

The business people and activists are pushing in opposite directions on several issues, including a proposed fee on developers and local rent control. There also are a few areas where the frequent combatants are beginning to overlap.

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