More then 10,000 applicants vie for 15 affordable apartments in Seattle

[Yo_Mama_Been_Loggin]

The Center Square) - More than 10,000 applicants are vying for 15 rent-reduced apartments under a new Seattle affordable housing program funded by a city tax on workers who make more than $1 million a year.

Amazon, Microsoft and other companies fought the tax, but voters approved it in a 2025 referendum.

The program was expected to create only several hundred apartments a year, as the so-called social housing developer constructed new buildings.

But the first allotment of apartments is even smaller because the social housing developer decided to buy an existing luxury apartment building and won't require tenants to leave.

https://www.yahoo.com/news/us/articles/more-then-10-000-applicants-001500064.html

[UpInArms]

1. wtf?

But even richer tenants will be getting a break under the Social Housing Developments plan.

It announced last month, when it purchased the Elara at the Market, that all rents will be frozen for two years and that utility charges will also be eliminated.

Affholter said the plan is helping the wrong people.

"Freezing rents for all existing tenants may also provide benefits to some households that do not face significant financial hardship, while doing little to expand access to those who are struggling most," he said.

So, peeps who can afford $3,000 in rent a month get a rent freeze and no utilities … and … won’t be required to move

Smh

[mwmisses4289]

2. Hhhmmmm.....sounds like someone is committing fraud.

Time to investigate the developer?

[MichMan]

3. They were appointed by the Seattle city government I believe