More of the Same? That’s Up to You!

One thing that is true about politics and advocacy and non-profits is also true about any business: you have to pay the bills. That means raising money and adding some value. The work that Seattle For Growth has done over the last 6 years has been singular in this state and region. There really isn’t any group out there that advocates across new housing development, rehabilitation of existing buildings, and rental housing. Our mission has been pretty simple, more housing of all kinds everywhere for people of all levels of income. I wish it was that easy. But it isn’t. I wrote about why at Forbes last week. We’re either going to fight back or just accept that people will complain about housing prices and government will make it worse in the name of making it better. Here’s the latest and our request.

Mandatory Housing Affordability (MHA) — This measure passed earlier this year and will now tax each and every new square foot of housing to fund non-profit housing that is averaging $350,000 per unit. I am hearing from builders and developers small and large with fees ranging from $100,000 to $3 million that they can’t pay. We said MHA would make projects infeasible, and when they could be feasible it would be because rents and prices would go up. It’s happening.

Multifamily Tax Exemption (MFTE) — This effective, market based, incentive program is at risk of becoming unpredictable as the City is blatantly violating the law and contracts by not adjusting rents according to the standards set by the Department of Housing and Urban Development (HUD). We’ve been pushing back on this for over a year. This program works to create lower rents for people that need them, but investors are facing changes that make it too risky.
Rent Control — The efforts of people who wish to disrupt the rental market for housing is ongoing. Make no mistake, these efforts in support of this policy aren’t about helping renters but, instead, they are about political power and making it more difficult to rent private property for housing. When prices still go up if rent control comes, this will be proof that  the government, “Hasn’t gone far enough!”
There isn’t any other organization in our state, region, or city that has stood up for people who provide housing at the state, regional and local level consistently, year after year (see the attachment). 
 
We need your financial support to keep doing this, especially today as we close out 2019.
Online you can click on this link and follow the prompts: https://secure.anedot.com/seattleforgrowth/seattleforgrowth2019
If we don’t stand up for ourselves, nobody else will. 

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