Another low income building in Seattle to be sold

Another low income building in Seattle to be sold

Credit: KING

Another low income building in Seattle to be sold

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by LINDA BRILL / KING 5 News

KING5.com

Posted on July 16, 2014 at 6:14 PM

SEATTLE -- The Squire Park Plaza in Seattle's Central District is the latest mid-to-low income apartment building to be sold by a non-profit group.

Squire Park is owned by the Central Area Development Association, which has to sell soon to pay off loans and may sell to a private developer.

Fifty-one percent of the 60 units are set aside for low and moderate income residents.

On Wednesday,  the Tenants Union helped with a demonstration in front of the building to demand CADA sell to a non-profit group instead of a private developer.

"51 percent of the units will remain affordable...regardless of ownership," said CADA CEO George Staggers.

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