Mayor Jenny Durkan and city officials were on Capitol Hill Wednesday to sign the city’s new legislation expanding Mandatory Housing Affordability requirements and upzoning to Seattle’s densest neighborhoods, the largest step yet in addressing the city’s ongoing affordability crisis, and likely part of more to come if Seattle is to reach its ambitious goals for new affordable units over the next decade. The signing took place in the lobby of 12th Ave Arts where the 88 units of affordable housing are an example of how the new development fees will be put to work creating new places to live in an increasingly expensive city.
“The reason 12th Ave Arts was selected for this event is that the housing component was funded in part by city Incentive Zoning funds, the precursor to MHA,” Chris Persons, CEO of 12th Ave Arts nonprofit developer Capitol Hill Housing, said Wednesday.
“What was built here is far more than 88 units of affordable housing. We built community. The mission of Capitol Hill Housing is not simply to build housing. Our core purpose is to build vibrant and engaged communities”
Monday, the Seattle City Council voted unanimously to pass the legislation expanding its MHA program to 27 neighborhoods across the city including Capitol Hill. MHA ties those upzones to the creation of affordable units either by requiring a portion of new housing to be made available at affordable rates or by requiring developers to pay into funding to build affordable housing elsewhere across the city.
The expansion signed Wednesday will also transition a reported 6% of Seattle’s current single family-zoned property to allow denser development.
The city says more than 45,000 Seattle households spend greater than 50% of their income on housing. MHA-generated housing will create a rent-restricted two-bedroom apartment for a family of four earning $60,200 would be $1,353, the city says. For an individual making less than $42,150, a one-bedroom would cost $1,128.
In a sample of recent ad listing for Capitol Hill apartments, a one-bedroom unit currently lists for around $1,800 — up only about 3% from a sampling we made this time of year in 2015 when rents had already exploded across the region.
The most significant changes to Capitol Hill zoning will come along Broadway from around Cal Anderson Park all the way north to Roy with plans to implement 75-foot height limits and “neighborhood commercial” zoning to allow seven-story buildings with commercial use throughout. Continue reading