Seattle/ Real Estate & Development
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Published on September 12, 2024
Seattle Allocates $3M for Affordable Homeownership Project in West Seattle's Former Dumar Substation SiteSource: Seattle Office of Housing

In a move to address the housing affordability crisis, the City of Seattle has earmarked up to $3 million to foster affordable homeownership in West Seattle, specifically at the site of the former Dumar Substation. In collaboration with Homestead Community Land Trust (Homestead CLT) and the Cultural Space Agency, the city aims to provide a significant boost to local housing solutions that cater to low-income families.

The Office of Housing released details of the project, which includes the construction of a new four-story building at 1605 SW Holden Street, set to house 21 reasonably priced homes, according to the Seattle Office of Housing. Available to buyers earning up or below 80% of the Area Median Income (AMI), these units will present a diverse mix, with options ranging from studios to three-bedrooms. In addition to leveraging publicly owned land for the development, the project will inject vitality into the community by introducing ground-floor commercial spaces.

Expressions of endorsement have poured in from various quarters, including city officials and the local community. Mayor Bruce Harrell expressed his support, stating, "As we continue working towards our vision of One Seattle, it’s essential that we ensure affordable homeownership opportunities are accessible to families in every neighborhood." Council Member Rob Saka from District 1 championed the project's vision, remarking on the effective use of surplus property to address the housing shortfall in his statement obtained by the City of Seattle's Office of Housing.

Leaders from local community organizations are also rallying behind the initiative. Co-Chairs Kay Kirkpatrick and Barb Biondo of the Highland Park Action Coalition conveyed their long-standing support for the redevelopment in a declaration shared with the city's housing agency, citing a sustained interest from community members since the proposal's inception.

Seattle-Real Estate & Development