SEATTLE – November 10, 2015 – (RealEstateRama) — Mayor Ed Murray today congratulated the City Council on passage of the Grand Bargain that will support the construction of thousands of new affordable homes in neighborhoods across Seattle through a mandatory contribution to affordable housing on new commercial construction and multi-family residential developments:
“Affordable housing advocates and the development community came together this year to craft an unprecedented agreement to build new affordable homes across Seattle. The Council has acted swiftly and decisively to adopt this recommendation to make Seattle a more livable city. A special thanks to Councilmember Mike O’Brien, whose leadership was instrumental in reaching this milestone.
“With this vote today, Seattle neighborhoods will become more sustainable, socially inclusive and economically diverse. For the first time, private developers will build or contribute to affordable housing with every new apartment building or office building. More families and individuals will be able to afford to live in walkable communities close to transit or near where they work. We are a big step closer to our goal that everyone who works in Seattle can afford to live in Seattle.”
CONTACT:
Jason Kelly (206) 684-8379
