June 15, 2015

No Easy Answers to Making Housing More Affordable

“No one wants Seattle’s housing market to go the way of San Francisco’s.

Despite spiraling rents, housing here remains relatively affordable compared to the Bay Area and some other big cities, but it may not stay that way. A panel of housing experts at a Commercial Real Estate Women Seattle & Sound event on Thursday said holding down housing costs will require everyone to sacrifice something.

Seattle Mayor Ed Murray has set a goal of building 50,000 housing units over the next 10 years, with 20,000 of them income-restricted. He formed the Housing Affordability and Livability Advisory Committee to figure out how to get it done. The committee’s plan is due at the end of the month.” 

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