Seattle Program Raises $68 Million For Affordable Housing

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.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s