Inf 2942: Office of Housing Presentation on Annual Reports

Description

Office of Housing Presentation on Annual Reports

Summary

The Seattle Office of Housing’s 2025 reports describe how Housing Levy, JumpStart/PET, Mandatory Housing Affordability (MHA), and other public funds support affordable housing. The Housing Levy is on track: 1,646 of 3,516 rental units have been built or preserved, while homeownership and operating-support goals are also progressing. Investments included rental construction and preservation, permanently affordable homeownership, homelessness prevention, resident services, repairs, and weatherization. MHA generated $47 million, funding thousands of affordable homes and additional projects. The report also documents debt restructuring, urgent operating aid, and workforce support to prevent property failures and preserve affordability. These programs affect low-income renters, homeowners, housing providers, and developers, and matter because they expand and maintain income-restricted housing amid rising costs and reduced federal support.