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Council News Release


FOR IMMEDIATE RELEASE:   
12/3/2007  4:26:00 PM
FOR MORE INFORMATION CONTACT:
Ann Corbitt, Rasmussen Office, (206) 684-8808

Councilmember Tom Rasmussen

RASMUSSEN WILL RELEASE AFFORDABLE HOUSING PROPOSAL
Housing Committee Chair moves forward on plan for creating more middle-income housing

SEATTLE – Councilmember Tom Rasmussen, chair of the Housing, Human Services, and Health Committee, will release his plan Tuesday, December 4, to create more housing for moderate-income people in Seattle. The Housing Committee held numerous community meetings this fall on affordable-housing strategies.

Councilmember Rasmussen says, “Seattleites want more affordable apartments and condominiums for people of all income levels. One of the few affordable housing strategies available to the City is a state law that allows a reduction in property taxes on new multifamily housing in exchange for rents or purchase prices that are affordable to moderate income renters or potential homebuyers.

“In reviewing rental and home sales prices in the city, we learned that some of our neighborhoods are experiencing high rents and high growth in housing construction and others are lagging behind. My proposal will reflect that the diversity of housing development costs and rents in our city.”

After the Housing Committee meeting, Councilmember Rasmussen will be available for press interviews about his proposal.

    WHO: Councilmember Tom Rasmussen, Chair of the Housing, Human Services, and Health Committee
    WHAT: Release of Affordable Housing Proposal at meeting of the Housing, Human Services, and Health Committee
    WHEN: Tuesday, December 4, 9:00 a.m.
    WHERE: Council Chambers, City Hall, 600 Fourth Avenue, Second Floor

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