Seattle created a Mandatory Housing Affordability (MHA) program in 2015 that required developers in more than two dozen neighborhoods to either pay fees or include affordable units in their projects. Of the 224 market-rate projects subject to MHA’s requirements in 2020, 219 chose to pay fees and five chose to develop affordable housing, which yielded 21 on-site units and $68 million in fees. MHA’s goal was to create more than 6,000 affordable units over 10 years. By that measure, 2020 exceeded expectations, and the city can now fund 850 affordable units.
Seattle Program Raises $68 Million For Affordable Housing
Published by Oklahoma Coalition for Affordable Housing
The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state. View all posts by Oklahoma Coalition for Affordable Housing
Oklahoma Coalition for Affordable Housing 