Posted on 12/16/2022 5:59:55 PM PST by simpson96
Anita Adams’ ambition sounds simple enough: the Seattle homeowner wants to build a second, four-unit structure on her property so she can give her adult children, father-in-law, and potentially other family members a place to live in the city’s historically Black Central District, where she has resided her entire life.
The 49-year-old government worker and her husband can afford the project with financing, which she expects would total around 2,200 square feet, though she may have to rent out one of the units for a few years to help cover construction costs.
What she can’t afford, though, is the extra $77,000 she would need to fork over to Seattle upfront just to break ground. That cost was created by a local rule to create and fund affordable housing —but Adams argues it is instead blocking her kids from being able to afford to stay in a city where her family has lived for generations.
So, for two years, the project has been on hold while her children live outside of Seattle. In the meantime, the expected cost of the project has ballooned from about $600,000 to at least $750,000 and as much as $900,000 due to inflation and rising interest rates, she said.
“I should have the right to be able to leverage my property the same way the upper echelon enjoys leveraging theirs,” Adams told MarketWatch. “I’m not a huge developer, I can’t afford all of that. I never, ever thought I would have to go through this to be able to add housing stock in Seattle.”
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
(Excerpt) Read more at marketwatch.com ...
Maybe “Black Power” can figure it out. I doubt it though.
I’m going to go be white. Eat some cottage cheese out of a cantaloupe half, and drink apple juice while watching 90210 reruns...
Some elections can just down-right hurt!
Your government at work. Fill the coffers under the guise of solving the very problem they are exacerbateing.
Kickbacks and bribes are not optional in a city run by criminals. Sorry!
That they can.
I hear land is really cheap in Liberia though.
Nothing but Black Power there. Wakanda is somewhere around there too.
Instead of winning an award, the government is penalizing them so that the government can build more "affordable" housing.
The government is disincenivizing the creation of new affordable housing because … Karl Marx.
Bet they all keep voting Democrat for life, though.
I’m glad she is publicizing it, and it may do no good, but maybe if she has a decent congressperson, she should enlist their help.
Funny how dat works isn't it?
Yep
And can’t figure out what keeps going wrong
Deep States don’t like competition.
“You voted [asked] for it, you got it ... your government”
You would have been better off with a Toyota
Yes, because republican party does not welcome diversity.
Bump for an intelligent post.
If yes to either, STFU and embrace the suck.
Ironically, her Congressman is Adam Smith.
“I should have the right to be able to leverage my property the same way the upper echelon enjoys leveraging theirs”
Well well well, black does not cut it. We are serfs, including the black people.
Welcome to the world of the “little people of flyover country” whatever your race may be.
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