City of Seattle Office of Housing
Seattle, Washington

The program funds new construction, building acquisition and rehabilitation to preserve low-cost housing, and reinvestment in affordable housing when major upgrades are needed. The housing serves eligible residents for a minimum of 50 years.

Funding Source
Dedicated funding stream - Other
Funding Year
2023
Local Funding
$28,714,285
Program Status
Active
Total Funding
$28,714,285
Website
https://www.seattle.gov/documents/Departments/Housing/Footer%20Pages/Data%20and%20Reports/Housing%20Funding%20Policies%202021-2023.pdf
Contact
Stephanie Velasco Seattle Office of Housing [email protected] 206-641-4972
How Provided?
Development loans
Program Type
Capital resources
Income Eligibility Threshold
Other income eligibility criteria
Duration
Affordability period is 50 years
Info Source
NLIHC internet research
Last Updated
7/31/23 17:04
Priority Populations

Extremely low-income households (income less than 30% AMI); Persons experiencing homelessness or at risk of homelessness; Persons with disabilities; Elderly; Youth