Let’s Build an Affordable Seattle: Community Conversations on Affordable Housing and More
Employment is growing in the Seattle area, yet the ratio of listings to closed sales (months of housing supply) has declined steadily since 2012 (see chart). The King County average for 2016 is 1.25 months of supply; a 4 – 6 month supply is considered a healthy, balanced housing market. As our supply of housing has decreased, prices have skyrocketed.
The Seattle-Bellevue-Tacoma area is projected to add 1.4 million new residents (a 38 percent increase in population) by 2040.
“There is no way we can accommodate middle income customers if we don’t have housing supply. We’ve added jobs, but not housing,” said Russell Hokanson, CEO of the Seattle King County REALTORS®.
The City of Seattle, through its Housing Affordability and Livability Agenda (HALA), is proposing a net increase of 50,000 units of housing – 20,000 units of affordable housing and 30,000 new units of market rate housing over the next decade.
The City of Seattle wants to hear your opinions about securing affordable housing for many years to come. The Open Houses are intended to find acceptance for upzones and making density work in order to accommodate projected population increases and help in solving our housing crisis. You are invited to attend any of the following Open Houses:
- December 3, 10am-12pm
NW Neighborhoods at Bitter Lake Community Center
- December 7, 5:30-7:30pm
SW Neighborhoods at Shelby’s Bistro & Ice Creamery and Uptown Espresso
- UPDATE FROM CITY OF SEATTLE: We heard concerns about having enough room for our West Seattle Open House at Shelby’s (capacity is 80). Uptown Espresso has graciously offered us additional space at their café, just across the street. We will now be at both locations on December 7th, 5:30-7:30. Time is at 5:30 to accommodate the Southwest District Council Meeting which begins at 6:30pm.
- December 13, 6-8pm
NE Neighborhoods at Ravenna Community Center
- January 10, 6-8pm
Central Neighborhoods at Optimism Brewing
- February 4, 10am-12pm
SE Neighborhoods at The Royal Room