Seattle commits $155 million to create and preserve affordable housing
The city of Seattle is making a major investment in affordable housing.
The city said it is committing $155 million to support 2,116 affordable rental homes across 20 buildings. The initiative is part of the 2025 Notice of Funding Availability for Affordable Rental Housing, designed to expand affordability and support vulnerable residents.
“Housing is the cornerstone of vibrant, sustainable communities,” said new Mayor Katie Wilson, who made housing affordability a key tenet of her campaign. “These awards are an important step toward an affordable Seattle for all.”
Affordable housing is among the most critical issues facing the entire state, especially the Seattle area. A recent report from Boston Consulting Group says median home prices relative to income have doubled in Seattle in the past 15 years, pricing many prospective buyers out of the market. Gov. Bob Ferguson’s office says the state will need at least 1 million new homes by 2044 to meet expected demand.
https://www.bizjournals.com/seattle/news/2026/01/26/seattle-commits-funds-for-affordable-housing.html