King County proposal could issue at least $1 billion in bonds to fund affordable housing

King County Councilmember Girmay Zahilay and supporters announced the proposal Tuesday, with a formal reading set for Sept. 11.

KING COUNTY, Wash. — King Councilmember Girmay Zahilay announced a proposal Tuesday that, if approved, would begin a process to secure at least $1 billion in funding for more affordable housing. If passed, the proposed motion would direct the county to study feasibility and devise a plan that would utilize excess debt capacity to pay for workforce-rate rentals.

“The initiative aims to ensure that our essential workers like nurses, teachers, electricians, first responders and so many others can afford to live close to the communities that

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