Index Investing News
Thursday, May 15, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Seattle extends affordable housing development exemption

by Index Investing News
December 21, 2022
in Property
Reading Time: 2 mins read
A A
0
Home Property
Share on FacebookShare on Twitter


A pandemic-era policy designed to cut red tape on the development of affordable housing projects will be extended through 2023 in Seattle.

In their last meeting of the year, the Seattle City Council voted unanimously last week to add another year to an exemption that allows affordable housing projects to skip the lengthy, and some say needless, design review process in order to expedite the projects. The exemption may become permanent after the year.

Seattle’s Design Review Board is tasked with looking at the aesthetics and features of proposed multifamily and commercial buildings and giving input on whether they “fit into” the surrounding neighborhoods. It can take months to complete, and many housing experts, developers and advocates argue it is unnecessary – and sometimes harmful to increasing the stock of housing for people making 80% or less of the area’s household median income, which is currently just more than $110,000.

The exemption was originally passed in April 2020, and has allowed 19 developments accounting for more than 2,000 affordable housing units to go through an abridged “administrative review” instead. 

With the exemption set to end next week, 60 days after the expiration of the city’s COVID emergency order, Councilmember Dan Strauss sponsored a bill extending the exemption, and committing to “streamlining” the production of affordable housing, with support from Councilmember Teresa Mosqueda and Mayor Bruce Harrell.

Strauss, who represents Northwest Seattle, said the city’s ability to effectively use temporary shelter to help those experiencing homelessness hinges on the timely availability of more affordable housing. He cited recent efforts to address homelessness his district, including the clearing of an estimated 80 people from Woodland Park earlier this year. 

“Our shelter capacity is pretty much at full,” Strauss said before the vote on Tuesday. “And we are better able to use our shelter resources by graduating people out of shelter and into permanent supportive and affordable housing.”

The extension was universally supported by public commenters ahead of the vote.

During the one-year extension, Strauss and Harrell say they’ll work to craft more permanent shortcuts to speed up the construction of affordable housing.

Those changes may include a permanent exemption from design review, exempting projects which use the Mandatory Housing Affordability program to produce their units on site for a two-year pilot, and permitting all other housing projects to choose whether to participate in full design review or administrative design review as a two-year pilot.

“We have more work to do and will continue to advance immediate and long-term solutions to reduce bottlenecks and expand affordable housing options in our communities,” Harrell said.

Harrell has committed to creating a process through which affordable housing project permits are approved within 12 months of submission.



Source link

Tags: affordabledevelopmentexemptionExtendsHousingSeattle
ShareTweetShareShare
Previous Post

(12/20) Tuesday’s Pre-Market Stock Movers & News : stocks

Next Post

Brits urged to be cautious with ambulance calls — RT World News

Related Posts

Simply Listed | 1208 Marine Approach #602

Simply Listed | 1208 Marine Approach #602

by Index Investing News
May 14, 2025
0

OUTSTANDING IN OLD PORT COVE2 Beds | 2 Baths Uncover this gorgeous, totally renovated & totally furnished condominium, providing spectacular...

Why Communication is So Necessary in Actual Property—Particularly When Issues Go Sideways

Why Communication is So Necessary in Actual Property—Particularly When Issues Go Sideways

by Index Investing News
May 15, 2025
0

Zenith JV Delivers Tampa Bay Property

Zenith JV Delivers Tampa Bay Property

by Index Investing News
May 14, 2025
0

Industrial out of doors storage growth on the Sunshine Industrial Park in Clearwater, Fla. Picture courtesy of Zenith IOS. Zenith...

Forney approves  million in incentives for subsequent part of huge challenge

Forney approves $4 million in incentives for subsequent part of huge challenge

by Index Investing News
May 14, 2025
0

Forney Metropolis Council unanimously accepted an financial incentive and efficiency settlement between the Forney Financial Growth Corp. and Forney Legacy...

California Approves 17 P.c Price Enhance for State Farm

California Approves 17 P.c Price Enhance for State Farm

by Index Investing News
May 14, 2025
0

State Farm can be allowed to quickly cost an additional 17 % for householders’ insurance coverage insurance policies in California,...

Next Post
Brits urged to be cautious with ambulance calls — RT World News

Brits urged to be cautious with ambulance calls — RT World News

The NY Times must stop trashing Britain and our monarchy as callous racists

The NY Times must stop trashing Britain and our monarchy as callous racists

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Stop Looking for Perfect Properties, Search for These Instead

Stop Looking for Perfect Properties, Search for These Instead

May 30, 2023
Oil ETFs to Purchase in 2022 | Study Extra

Oil ETFs to Purchase in 2022 | Study Extra

May 13, 2022
How They Parted the Red Sea in ‘The Ten Commandments’

How They Parted the Red Sea in ‘The Ten Commandments’

June 20, 2023
State’s unfunded pension debt exceeds trillion shekels

State’s unfunded pension debt exceeds trillion shekels

July 3, 2022
Ex-Man Utd supervisor reveals profession plans

Ex-Man Utd supervisor reveals profession plans

February 24, 2025
EU lawmaker quits after suspension over Ukraine stance — RT World News

EU lawmaker quits after suspension over Ukraine stance — RT World News

October 24, 2022
US Treasury Report Raises Concerns About CBDC Impact on Banks And Households

US Treasury Report Raises Concerns About CBDC Impact on Banks And Households

March 23, 2023
Nasdaq 100 to undergo rejiggering because few tech stocks now too big

Nasdaq 100 to undergo rejiggering because few tech stocks now too big

July 12, 2023
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In