"In Seattle, new developments in certain areas have to include affordable housing units or the developer has to pay the city an amount of money based on the floor area of their project — to fund low-income housing preservation and production elsewhere — as a condition of receiving a building permit.
Adams has two options: Add two extra affordable units to her project and rent them at below-market rates to income-restricted tenants for 75 years, or pay a fee. "
Adams has two options: Add two extra affordable units to her project and rent them at below-market rates to income-restricted tenants for 75 years, or pay a fee. "
Yeah... good intentions and all that.