The People's Budget

Type of funding: Infrastructure (capital)

Rough cost estimate: Over $7.2 million

Evaluation notes:

✅ This idea is within the City's jurisdiction. 

✅ This idea doesn't name a specific vendor. 

✅ This idea would not incur costs indefinitely.

Justification: This idea could be feasible, however many questions would need to be answered before any cost estimates can be developed. Affordable housing is a lengthy and costly process that a project as descrobed would take significant work to achieve.

Other notes: The main body of work of OH is the funding of affordable rental and homeownership projects within the City of Seattle. These projects come to OH via project sponsors (generally non-profit affordable housing developers) and are proposed following an often legthy processes to develop a vision and plan for development.

Thank you for sharing your idea. This idea and its evaluation have been forwarded to the budget delegates. They will use this information to group together similar ideas, narrow down options based on community needs, and develop fully detailed proposals for you and your community to vote on in October 2023.