( File, Associated Press) Seattle city leaders revealed a new effort Wednesday, which will quickly purchase and develop 600 new apartment or condos across six structures to assist house the city’s homeless population.
The hope is to have the homes function as permanent helpful real estate to help reduce the fallout from the continuous COVID-19 crisis.
“Specifically throughout this public health emergency situation, we should bring individuals experiencing homelessness inside to safe, encouraging housing as quickly as possible. We are happy to make considerable investments in the tested option to homelessness and to support community-based organizations with track-records of success in serving our vulnerable neighbors,” Seattle Office of Real Estate Director Emily Alvarado stated in a news release.
The Office of Real estate will pull $60 million from the Seattle Housing Levy, in addition to from state and federal resources, to get the brand-new housing on its feet by the end of 2021. Considering that 1981, the real estate levy has actually provided financing for over 13,000 economical homes, in addition to own a home support for nearly 900 low-income purchasers.
5 different companies will supply wraparound assistance services for residents of the 600 brand-new apartment or condos, “to keep individuals stably housed.” The 6 buildings will be spread throughout Seattle’s Lake City, Bitter Lake, Green Lake, Greenwood, Central Location, and Ballard areas, with each real estate in between 65 and 125 homeowners.
“The City of Seattle is making a considerable investment to create more real estate in our community,” Mayor Jenny Durkan stated. “With this investment, we are breaking the mold by developing new innovative techniques to build a lot more irreversible encouraging housing, quicker for our next-door neighbors who require it most.”
An extra 350 low-income systems are already under construction in Seattle. The city presently provides approximately 3,700 long-term encouraging real estate units.Source: mynorthwest.com