More then 10,000 applicants vie for 15 affordable apartments in Seattle [View all]

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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