housing affordability

According to a 2024 report on housing production from Up For Growth, the metro area encompassing Seattle, Tacoma, and Bellevue is facing a shortage of 71,060 homes. That amounts to 4.2% of the region’s total housing stock. While the production of new homes is vital to closing the gap between supply and demand, so is the preservation of existing housing, especially affordable housing. A recent op-ed in the Seattle Times called on Seattle Mayor Bruce Harrell to suspend the city’s winter eviction moratorium, a law that halts evictions for the nonpayment of rent from December through March every year. The article is authored by Sharon Lee, executive Director of the Low Income Housing Institute (LIHI), and Emily Thompson, a partner at GMD Development. LIHI Read More ›

Last week, GRE Downtowner, LLC (GRE) filed a lawsuit against the City of Seattle, arguing that the city’s policies have destroyed the livability and economic viability of GRE’s Addison on Fourth apartment building. The Addison on Fourth is an affordable housing building nestled between Seattle’s historic Pioneer Square and Chinatown-International District. The lawsuit alleges that the city has forced the Addison to either continue operations in service of a public good at a massive private loss, or to shut down operations entirely. Both options GRE describes as “disastrous.” To understand why a privately-owned housing building is in default, facing over $40 million in liabilities, and “hemorrhaging money,” in an affluent west-coast city, we must look at a series of Seattle Read More ›