City of Seattle announces $108 million investment in affordable housing

These new investments will create 655 new affordable rental homes, including 204 new permanent supportive homes.

SEATTLE, WA - Today, Mayor Bruce Harrell announced a $108 million investment in affordable housing, marking the first full allocation of funds from Seattle's newly approved 2023 Housing Levy. This funding, awarded through the 2024 Notice of Funding Availability (NOFA), will support the construction of 655 new affordable homes, an important step in increasing Seattle's housing stock to meet growing demand and ensure long-term affordability.

"Today's investment in affordable housing reflects our shared commitment to building a more affordable and equitable city. By leveraging the voter-approved Housing Levy and working together with our community partners, we are creating affordable homes that will serve generations of Seattle residents," said Mayor Harrell. "This is how we advance our One Seattle vision and ensure that everyone, regardless of income, has a place to call home in our growing and thriving city."

Each year, the Office of Housing administers funding to support the Rental Housing Program, which drives the development of affordable housing across Seattle. In 2024, seven new developments were funded through ten organizations, creating 655 affordable homes with a total of 867 bedrooms, ranging from studios to three-bedroom units. These investments prioritize long-term affordability and address the various community needs by providing permanent supportive housing, affordable senior housing, and housing for low-income individuals and families.

By leveraging the voter approved 2023 Housing Levy dollars along with federal, state, and city resources, Seattle is deepening its investment in equitable housing solutions. The 2024 awards underscore the City's ongoing commitment to addressing housing challenges through partnerships with community, equitable development, and investments to prevent displacement and increase opportunities for people to live in Seattle.

Rental Housing Investments: $108.2 million

For more information on the City of Seattle's affordable housing initiatives, please visit seattle.gov/housing.

What People Are Saying

Councilmember Cathy Moore, District 5

"As Chair of Seattle's Housing Committee, I am eager to see the positive impact this year's funding will have on our community. It is an honor to work with the Seattle Office of Housing and our community partners and I am excited to join them in celebrating the City's investments in affordable housing."

Maiko Winkler-Chin, Director, Office of Housing

"We're proud to put $108 million toward affordable rental housing, bringing us closer to a Seattle where everyone can have a healthy, affordable place to call home. This funding is about more than just creating housing. It is about preventing displacement and providing real opportunities for people and families to stay connected to their communities. None of this happens without strong partnerships and listening to what our neighborhoods truly need. It's an honor to take care of these resources and make sure they're used in ways that have a lasting, positive impact. I'm excited about the good this will bring to the people of Seattle."

James Lovell, Interim Co-CEO, Chief Seattle Club
"We are honored to receive this transformative funding award for Sweetgrass Flats which will allow us to provide 86 units of permanent supportive housing for our members. This milestone brings us closer to achieving our goal of 1,000 housing units by 2030 and demonstrates the strong commitment of our city to addressing Seattle's homelessness crisis."

Jamie Lee and Jared Jonson, Co-Executive Directors, SCIDpda

"The Little Saigon Landmark Project is a transformative step for the community, combining 70 affordable family-sized housing units with the region's first Vietnamese cultural and economic center. This collaboration between Friends of Little Saigon (FLS) and SCIDpda celebrates the rich heritage of Little Saigon while addressing critical housing needs.

SCIDpda is proud to partner with FLS to create a space where families can thrive, businesses can grow, and traditions can be preserved. This project would not be possible without the City of Seattle's vital support and funding, which exemplifies a shared commitment to creating vibrant, inclusive neighborhoods and addressing the challenges of housing affordability and displacement."

Maria Chavez-Wilcox, Chief Executive Officer, YWCA Seattle | King | Snohomish

"We've worked to address the challenges of affordable housing for vulnerable people in the community for more than 130 years, particularly for women, girls, and BIPOC communities. The city's investments have enabled a major rehabilitation of YWCA Seneca, our flagship location in downtown Seattle, including 114 upgraded units of permanent housing for low-income and formerly homeless individuals and families, who are scheduled start to move-in early 2025. This funding also supports the delivery of critical services for our permanent housing residents across the city, including those at our newest location, YWCA's Denny Apartments on Capitol Hill. We're grateful to Mayor Harrell and the Seattle Office of Housing for their continued dedication to creating housing equity and opportunity for our whole community."

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