On Tuesday, Seattle Mayor Bruce Harrell announced a historic $170 million investment to create, preserve, and stabilize affordable rental housing across Seattle, the largest single-year funding commitment for affordable housing in the city’s history.

The money, distributed through the city’s annual Notice of Funding Availability (NOFA), will support projects that expand housing options for very low-income families, stabilize existing properties, and help people transition from shelters into permanent housing.

“An affordable home provides stability, security, and the foundation to grow and thrive,” Harrell said. “This investment will create additional affordable homes and maintain existing ones, with a focus on providing housing for families with very low incomes and for people exiting sh

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