A new levy and a new housing bond enabled new levels of spending on affordable housing in Seattle.
New Seattle Mayor Jenny Durkan recently announced $100 million in affordable housing investment around the city of Seattle. "The $100 million more than doubled last year’s Seattle Office of Housing budget, which tallied $47 million," reports Doug Trumm. "Seattle passing a doubled housing levy and the Seattle City Council approving $29 million in bonding for affordable housing explains much of the jump in funding."
The $100 million "will fund 896 new homes in nine new buildings around Seattle, preserve 535 existing units, and support low-income first-time homebuyers through two developments totaling 26 homes via Habitat for Humanity and the Homestead Community Land Trust," adds Trumm. The article includes analysis of the geographic breakdown of the investments as well as specifics on a few projects.
Read the full story: Seattle Office of Housing Announces $100 Million Investment
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Voters approved a new tax that could bring in $50 million per year for social housing.
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Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
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California High-Speed Rail Authority CEO resigns after $600,000 scandal
Under Ian Choudri, the authority used taxpayer dollars to fund first class flights and trips to nightclubs.
Want to study the Missouri River? Soon, you may need unanimous approval from 10 states
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Desperate measures: Advocates weigh draining Lake Powell to fill Colorado River
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