Thursday, May 19, 2016
King County Executive Dow Constantine today proposed a new partnership with the King County Housing Authority that would develop or preserve more than 2,000 units of affordable housing with low-cost financing made possible by the county's stellar credit rating.
Under the Executive's proposal, King County Housing Authority would have access to King County's triple-A credit rating. That would enable the Housing Authority to develop or preserve up to 2,200 units of affordable housing over the next six years in strategic locations, such as near mass transit or high-performing schools.
"To ensure a strong, thriving middle class in our region, we must have more housing that is both affordable and connected to opportunity," said Executive Constantine. "By joining forces with the King County Housing Authority, we will deliver more than two thousand units of affordable housing countywide -- near mass transit and in vibrant neighborhoods."