Seattle City Council Approves Plan for New Affordable Housing Funding

Comments

1
Districts sure make the city council a lot more interesting. Add to that, districts increase minority representation according to Federal judges looking at Yakima's city council.

Remind me again why certain Stranger writers thought they'd be a bad thing ?
2
Gots to get that green $ to make the scene
3
If they do take this up next year, I'm interested to see how the projected fee revenue compares to the increase in construction costs for all new developments. Especially considering that construction costs have been already been shooting up, which contributes to high rents for new apartments.


4
If the City can mandate parking spot ratios in these newly developed multi-family buildings, then they can mandate a percentage of SRO (Single Room Occupancy) or otherwise affordable units in these buildings. Unless, of course, cars are more important than people.
5
@4, I think the developers are trying to avoid advertising "move in to the luxurious Luxe21 apartments, starting at $3,000/mo*"

*except for the 4 floors of apodments priced at $1,500/mo and with their own "poor door" entrance and elevator.
6
@3 That's very much something worth noting, and in part something that's put housing out of reach for people making the median income in SF. I'm not against what subsidy fees are trying to accomplish, but there are consequences to consider as well.

Here's a good post about the numbers:
http://markasaurus.com/2013/10/22/why-ca…
7
Seattle has affordable housing: it's called "Seatac", "Tukwilla" and coming soon "Lynnwood". All an easy train ride into town.
8
@5 you mean like right on Broadway between John and Denny?
9
Ah yes, rewarding the lucky few lottery winners who'll get subsidized units while everyone else picks up the tab. Nice job city council
10
And I love how they think that new market rate units in places like northgate and rainier beach need to be "mitigated" - those places can just barely support any new construction at all and what is built is not high end stuff...meanwhile places outside urban villages where don't want growth - no taxes there.
11
The linkage fee is often called a Robin Hood Tax by its proponents. Rob from the developers and give to the deserving poor. The PR optics are great. So what's not to like?



It is a nice concept. But here is the reality. The developers are already working on tight margins (land and construction costs are up hugely since 2012) so they either will slow construction (which makes prices and rents go up) or they will pass on the linkage fee (which also makes prices and rents go up).



So buyers and renters who are competing for scarce housing are the ones who end up getting "linked", not the developers.
12
Then there's all those loopholes for the Upper Class Frankie" The Shill" Chopp won't discuss. -- http://www.taxsanity.org & http://www.ctj.org & http://www.itep.org/whopays
13
Anna, you're great!