King County’s quest to house 1,600 homeless people by 2028 will include new homes on Capitol Hill as officials try to improve the results of the challenged program behind the acquisition.
According to the latest efforts to document the crisis, there are an estimated 13,400 people living homeless in the county and the Department of Community and Human Services estimates more than 40,000 people are in need of homelessness services around Seattle and the county over the course of the year.
According to records, the county has purchased a four-story, 35-unit apartment building just west of the intersection and Broadway Hill Park for $11.6 million. The $322,000 per unit price to the private developer that constructed the building is in line with recent similar transactions in the neighborhood.
The deal is the latest under the Health Through Housing measure passed by the King County Council in 2021 which aims to house up to 1,600 people experiencing chronic homelessness by using hundreds of millions of dollars raised from a sales tax on properties in Seattle and five nearby cities. Continue reading