TriggerFinger


Seattle buys luxury apartment buildings to give to homeless


PJMediaThree glistening new buildings in downtown Seattle with 165 studio apartments — originally to be rented at market rates — will instead house the homeless.The Low Income Housing Institute (LIHI) is buying the buildings with taxpayer dollars for about $50 million, with federal COVID-19 relief funds splitting the cost equally. Seattle City Hall is contributing about $25 million, while also using “American Rescue Plan Act” funds. A large portion comes from Washington State’s Department of Commerce.

Left-wing Seattle Mayor Jenny Durkan, so unpopular she can’t run for re-election, claims the deals will house people quickly and cheaply, compared to the time and cost required to develop similar projects from scratch. The three upscale buildings should be occupied by the end of the year.

My own city, Austin, has been trying to buy local hotels for the same purpose. WHY? It's insane.

This entry was published Wed Oct 20 23:34:39 CDT 2021 by TriggerFinger and last updated 2021-10-20 23:34:39.0. [Tweet]

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