Next year people in Seattle will decide whether the city should set up a public developer to create affordable housing.
The Seattle Times reports the Seattle City Council unanimously passed a resolution Tuesday to allow King County Elections to put the proposed Initiative 135 on the ballot of a special election on Feb. 14, 2023.
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If I-135 passes it would create a public development authority, called the Seattle Social Housing Developer, to construct homes and take over existing properties using government and philanthropic funding to create renter-governed housing.
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Those who favor the initiative say housing would be protected from rental market forces in one of the nation’s most expensive cities.
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