City awards $19.5 million to construct and preserve permanent affordable housing

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By Washington RealEstateRama -

SEATTLE – December 20, 2012 – (RealEstateRama) — Mayor Mike McGinn and Councilmember Nick Licata today announced more than $19.5 million in capital funding for the construction of five new apartment buildings that will serve homeless individuals, low-income individuals graduating from high-service need housing, seniors, rent-burdened and homeless families and low-wage workers. The investment, primarily Seattle Housing Levy funds, will help create 302 new permanent apartments, including some set-aside to serve veterans. In addition, the funds will preserve 272 units of existing affordable housing

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