According to David Neiman, micro-housing advocate and architect, every year our current Seattle micro-housing policies remain in effect:
- 1300 people pay an average of $261 more per month in rent.
- 345 fewer units are built, pushing up prices by adding to the city's production shortfall and increasing economic displacement of low income renters within our existing housing stock.
- 97 units of 40% AMI housing are not created (affordable to someone making $25k/yr).
- 753 units of 55% AMI are not created (affordable to someone making $34k/yr).
For more details on this analysis, please contact David Neiman at david@neimanarchitects.com
If you agree with this recommendation, be sure to contact your Seattle City Council.
Happy Investing!
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