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Affordable Housing Means Money Left Over for Food

Positive Future #364 (Feature photo – Seattle Urban Landscape – CCA SA 3.0 Unported)

Affordable Housing has become a problem for a number of reasons to include:

  1. Interest rates at a level that stunts development.
  2. Population growth
  3. Higher income households bidding up the price
  4. Economic recessions that dampen building

In a surprising development, Microsoft (headquartered in Seattle) is committing $475 million to develop below market price housing in King County. Through a combination of subsidizing some housing directly and working through government programs for low-income housing, the hope is that “affordability” will come down to more people.

You can read the full story here on Curbed:

https://www.curbed.com/2019/1/18/18187421/microsoft-seattle-housing-development-opportunity-zones

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