Posted by: phillipsre | June 16, 2015

Making Seattle Housing Affordable

Home-ConstructionSeattle Mayor Ed Murray has set a goal of building 50,000 housing units over the next 10 years, with 20,000 of them income-restricted. He formed the Housing Affordability and Livability Advisory Committee to figure out how to get it done. The committee’s plan is due at the end of the month. In order to get this housing built and come up with a solution for this housing problem, there will be a lot of restrictions and guidelines that all the parties involved will need to follow. There are discussions of expanding the Multifamily Property Tax Exemption program to include existing buildings, simplifying permits, re-authorizing or expanding the housing levy, and looking at zoning changes all over — perhaps even in single-family zones that cover much of this geographically constrained city. This is a complex problem that does not have a simple solution. The details of this challenge and restrictions that various developers and builders face can be found in detail in this article from Seattle Daily Journal of Commerce. 

 

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