Seattle City Council adopts a resolution to open up access to affordable housing
The Seattle City Council has approved an ordinance requiring developers of commercial housing projects to work to create affordable housing. They also passed a resolution to create a program that requires developers to designate a certain percentage of their available units as affordably-priced.
These shifting requirements hinge on somewhat major changes to Seattle's current zoning regulations, ultimately allowing larger and taller developments to go up in the coming years.
Council members have referred to the agreement as a "grand bargain," in that the proposed changes will possibly bring even more development along with much-needed affordable units. The agreement has come after months of deliberation through Mayor Ed Murray's Housing Affordability and Livability Advisory Committee, in which housing developers agreed to the increase in fees and dedicated affordable units in exchange for changes in zoning.
Mayor Ed Murray celebrated the decision as historic, noting that for the first time in the city's history, developers will have to construct affordable housing as a part of every new apartment building or office that goes up.
Read more here from the Seattle Times.