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Seattle Times on Affordable Housing

December 31st, 2008 · Comments · By Matt

The Seattle Times had an article yesterday on affordable housing, Seattle may ease rules to encourage affordable housing downtown:

Two programs designed to bring affordable housing to downtown Seattle have fallen short of expectations, with officials spending just $5 million of the $20 million collected from developers.

Maybe the city should buy up some failing condo projects like Domaine and rent them out as affordable housing.

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Tags: Seattle Times

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  • To be honest I believe most people are scared on spending money on anything, given the current conditions.
  • JBB
    Actually, it's not a bad idea. I lived in Houston in the mid-80s when the economy there was in the can big time, and non-profits were able to buy up failing apartment complexes for a song and then turn them into low-cost housing. Not popular among the neighbors, but I suppose better than a vacant complex, and propped up the occupancy rate for the market rate guys.
  • andy
    Generally speaking, the City itself isn't in the business of actually providing/developing/renting affordable housing. That's left to the housing authority and lots of various non-profits around Seattle like LIHI and Housing Resource Group who receive funding from many different sources.
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