SEATTLE – March 27, 2015 – (RealEstateRama) — Mayor Ed Murray today directed the Housing Affordability and Livability Advisory Committee to meet his new goal for both income-restricted affordable and market-rate units to be created over the coming decade.
Mayor Murray asked the committee to develop specific proposals that will allow the building and preservation of 50,000 housing units over in the next 10 years within the city limits. 20,000 of these must be income-restricted affordable units for individuals and families making 80 percent of the area median income (AMI) and below. 30,000 units would be market rate.
“Seattle is facing a serious lack of affordable housing options that displace families and people in this city,” said Murray. “Next week, Seattle’s minimum wage workers are getting a raise as a part of our broader affordability agenda. We need to make sure that those who work in Seattle can afford to live here.”
The increase in income-restricted affordable units is nearly a tripling of the current rate of units being built for those at 80 percent of AMI or less. Currently, income-restricted affordable housing is being built at a rate of around 700 units per year.
“As the HALA enters the last stretch of analysis and discussion of strategies, this target will sharpen our focus,” said Faith Le-Pettis, co-chair of the advisory committee. “No matter your perspective, the target we’ve been given by the Mayor is an enormous number. We’ll need determination, long-sightedness and civic commitment to meet the challenge.”
The Housing Affordability and Livability Advisory Committee was formed by Mayor Murray and city councilmembers in the fall of 2014 to develop policy recommendations for the city. The committee is made up of 28 housing experts, activists and community leaders. They will issue their recommendations to the Mayor in May.
Contact
Viet Shelton (206) 684-3952
