(The Center Square) – The Seattle City Council will soon vote on a $2 million loan to be provided to the Seattle Social Housing Developer as part of the public development authority’s ongoing startup phase.
The Seattle Social Housing Developer, or SSHD, was established through Initiative 135, passed by voters in 2023. SSHD is a public development authority created to develop, own and manage permanently affordable, publicly owned housing for low-to-moderate-income residents in Seattle.
The startup phase of the SSHD has involved establishing its operational framework, securing initial funding, and preparing to develop or acquire social housing properties…