Tech and business leaders in the Seattle region are proposing a new plan to build middle-income housing and alleviate the city’s affordability crisis.
They laid out their proposed solutions in a report published Wednesday by Challenge Seattle, a group representing the CEOs of Microsoft, Amazon, Boeing, Marona Venture Group, Zillow, and other companies in the area. Former Washington Gov. Christine Gregoire leads Challenge Seattle as CEO.
The report includes 15 recommendations that its authors say would “materially move the needle” on affordable housing in the Seattle area. They include preserving existing affordable housing, acquiring land to develop, making capital available to finance new projects, rezoning neighborhoods, and implementing tax credits to spur affordable housing development.
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