On Wednesday, July 20, County Executive Dow Constantine and the King County Council held an event to celebrate passage of a proposal to spend $87 million to build workforce housing near train stations and other transit centers. The plan will raise the money from bonds backed by hotel/motel tax revenue which will start to be available in 2021. It will build over 1000 housing units over five years.
At least $24 million is earmarked for construction in Seattle, focused in SODO and Northgate. Another $32 million could end up in Seattle, depending on where partner non-profits decide to build.