Seattle & Northwest + Seattle + Apartments | May 17, 2023

City of Seattle Allocates $147M to Affordable Housing Projects

Seattle Mayor Bruce Harrell recently announced the city’s yearly funding awards for affordable housing providers, totaling $147 million for the construction and preservation of 1,150 affordable homes in neighborhoods across Seattle.

The investments will include the construction of 1,088 new homes in 11 new buildings, offering a range of housing types for low-income residents, including permanent supportive housing for those experiencing homelessness, apartments for low-income individuals and families, and homes for first-time homebuyers. They also include preservation of one building in Belltown, allowing 62 homes to remain affordable in the neighborhood.

In addition to the funding for rental housing, the Office of Housing’s 2022 investments also include a commitment for three affordable homeownership projects.

Funding for affordable housing provided through Seattle’s Office of Housing comes from initiatives like the 2016 Seattle Housing Levy and JumpStart Payroll Expense Tax, as well as programs like Mandatory Housing Affordability.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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