(The Center Square) – Seattle Social Housing is set to receive its first-ever funding disbursement – $50 million – from a voter-approved excess compensation tax.
Seattle Social Housing is a public development authority focused on addressing housing needs through the social housing model, which removes housing from market speculation. The publicly owned and funded housing is available to people without income restrictions.
Rental rates at social housing units are capped at no more than 30% of a household’s income…