Tue, 31 May 2016 13:57:00 -0900
The City of Seattle is convening a roundtable discussion of
multifamily rental property owners to provide advice and feedback on several
proposed and existing tools to preserve affordable private market housing. RHA
has partnered with the Seattle Office of Housing to engage property owners in this
conversation on a toolkit of strategies to preserve existing affordable housing
as part of the Housing Affordability and
Livability Agenda (HALA).
HALA, convened by Mayor Murray, is a multi-pronged approach
to increase the affordability and availability of housing in Seattle. Part of
the HALA road map charges the City with developing a program to preserve
existing housing in the private market that is affordable to low-income people.
The City Council has also prioritized preservation by creating a new loan
program as part of the 2016
Seattle Housing Levy on the August 2 ballot that can help property owners
make critical repairs and keep rents affordable.
Topics to be covered at the roundtable include:
- New Ideas – Share your ideas to preserve existing affordable
- Rental Affordability and Rehabilitation Program - Low cost
financing to assist with property rehabilitation in exchange for
- Preservation Tax Exemption - Tax exemption in exchange for
reserving 25% of building as affordable to low-income renters.
- Sale of Property – City financed purchase of privately owned
- Notice of Sale - Required property owner notification to city
60 days before listing, if any unit in the building has a rent affordable
to tenants earning 80% of Area Median Income or below (currently required).
Be part of the
4:00 to 6:00 PM
City Hall, Bertha Knight Landes Room
600 Fourth Avenue
will be served.
Please register at: http://bit.ly/PrezTools
Inquiries may be sent to the Seattle Office of
Housing at 206.684.0721 or firstname.lastname@example.org.