Microsoft recently announced a $500 million commitment to supporting affordable housing in the greater Seattle area, an implicit acknowledgement of the tech industry’s role in driving up housing prices. Creative financing solutions such as the Minneapolis program can help incentivize middle missing ...
Seattle’s gut instinct to tax housing production to pay for housing production is a political pathology. And it stalls development, leading, ironically, to less affordable housing. It’d be like targeting Swedish, Virginia Mason, UW Medical Center, and Seattle Children’s with a special tax to...
Amazon is building out another corporate hub in Arlington, Virginia, and is expanding operations in Bellevue, near its Seattle headquarters. Mar 15, 2022 Baltimore City Council Introduces Legislation That Would Turn Vacants Into Affordable Housing "We have so many vacants that we could turn int...
Seattle Housing Market Forecast Limited housing supply, buyer competition and high interest rates will maintain high home prices through 2025. Liisa RajalaandTanza LoudenbackJan. 21, 2025 Create an Account Create a free account to save articles, sign up for newsletters and more. ...
‘Unluckiest generation’ falters in boomer-dominated housing market Seattle-area homebuyers find fewer homes on the market Matt Scheer — a 48-year-old musician who grew up on a ranch eastward in El Paso County, where “as soon as we could carry the milk bucket we were milking the cow...
Microsoft partnered with another Seattle area tech company, Zillow, to study the housing crisis over the past eight months. They found that since 2011, jobs in the Seattle region have grown 21 percent while growth in housing construction has lagged behind at 13 percent. Over the sa...
That funding comes from a commitment Amazon made in January 2021 to launch its Housing Equity Fund, a $2 billion initiative to preserve and create 20,000 affordable homes. Microsoft has said it will spend at least $750 million towardaffordable housingin the Seattle area following years of compl...
Kim, Gina
Affordable HousingDevelopmentFinance & InvestmentNews More Plans for the 95-unit project call for an early 2024 completion.DESC Burien rendering. Image courtesy of Dominium Dominium, in partnership with Seattle’s Downtown Emergency Services Center, has closed on financing for DESC Burien, a 95-...
On Monday, after years of process and talk, the Seattle City Council has an opportunity to take a bold step to address our housing crisis and pass citywide Mandatory Housing Affordability, or MHA. The idea of MHA is simple: We want everyone in Seattle to have access to neighborhoods with ...