The motion would allow King County to use excess debt capacity to fund the program.
KING COUNTY, Wash. — The King County Council will vote on a motion Tuesday afternoon intending to free up $1 billion for the development of more low-income housing.
The proposal, sponsored by Councilmember Girmay Zahilay would utilize King County’s excess debt capacity to foot the bill. After securing the funding, the county would be directed to partner with housing agencies to develop units that are rent-restricted – in other words, affordable to working-class families.
The motion is part of King County’s longstanding plans geared toward generating more affordable
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