Opting-In to the MHA Program for Projects Underway in Downtown & South Lake Union
Choose an Affordable Seattle
What is Mandatory Housing Affordability?
MHA is Seatle’s strategy for how we require afordability as we grow. MHA results in afordable housing units on site (when developers opt for the performance opion) or funds that Seatle’s Oice of Housing uses to support the development of afordable housing units throughout Seatle (payment opion).
What are the requirements?
MHA requirements vary based on the geographic area of the city and the scale of the zoning change.
What are the goals of MHA?MHA in Downtown & South Lake Union
Mandatory Housing Afordability is expected to provide at least 6,300 of the 20,000 net new rent-restricted homes for households with incomes no higher than 60% of the area median income by 2025. In 2016, 60% of the area median income is about $38,000 for an individual and $54,000 for a family of four.
7 projects in DT/SLU are interested in oping-in to MHA, which is exected to create 320 afordable homes, represening 5% of the total 6,300 unit goal for MHA.
There are many projects in Downtown (DT) & South Lake Union (SLU) that are vested and do not have to paricipate in MHA. That is a lost opportunity and is why Councilmember Johnson amended the Downtown / SLU legislaion to include an ability for developers to "opt in."
10 other projects are good candidates to opt-in, which is expected to create ~240 more units, or 4% of the total MHA goal.Altogether, MHA in DT/tSLU is expected to create about 560 afordable units from the 17 projects, or about 9% of the total MHA goal.
Councilmember Rob Johnson
The Incenive Zoning (IZ) Program raised about $30 million for afordable housing in 2015 in DT/SLU and $23 million in 2016.Under MHA, Seatle may raise anywhere from $25 million - $43 million in 2017 depending on how many projects opt-in.
$0$20$40$60
M i l l i o n s o f D o l l a r s
Funds Raised by IZ in DT/SLUPotenial Funds Raised by MHA in DT/SLU201520162017
$30$23$43$25
320 Afordable Units
($25 Million for Afordable Housing)
5%
of Total MHA Goal
4%
of Total MHA Goal
9%
of Total MHA Goal
240 Afordable Units
($18 Million for Afordable Housing)
560 Afordable Units
($43 Million for Afordable Housing)
+=+=
Timeline & Next StepsProjects Interested in Opting-In to MHA in DT/SLUProject Candidates for Opting-In to MHA in DT/SLU
Assumptions
• Numbers are esimates that assume the project maximizes the development capacity on site and do not relect the speciics of the individual development proposals. • Esimates were done assuming that the project is 50% residenial / 50% commercial.• Assume 10% performance; 90% payment for MHA-R; assume payment for MHA-C
MHA requirements do not take efect unil the City adopts zoning changes that increase development capacity and ie MHA requirements to those speciic zones. Timeline:- Passed MHA requirements for the University District in February 2017- Passed MHA requirements for Downtown + South Lake Union in April 2017- Currently discussing zoning changes in Chinatown/Internaional District - Discussion and vote re: citywide zoning changes to follow
STATUSProj NumADDRESSMUP SUBMITTED, INTEREST30209431200 Stewart StMUP SUBMITTED, INTEREST30242391618 8th Ave / 802 PineMUP SUBMITTED, INTEREST3022779400 Westlake Ave NMUP SUBMITTED, INTEREST30191321000 6th Ave S (Urban Visions)MUP SUBMITTED, INTEREST30180371903 5th Ave (Stanford Hotel)MUP SUBMITTED, INTEREST30196231901 MinorMUP SUBMITTED, INTEREST30193712301 7th AveSTATUSProj NumADDRESSDR DECISION PUBLISHED3016806307 BROAD STDR DECISION PUBLISHED30185782200 7TH AVEMUP ISSUED, BLDG PERMIT SUBMITTED30167021613 2ND AVEMUP SUBMITTED, DECISION PUBLISHED30186862031 3RD AVEMUP SUBMITTED, 201630196991933 5TH AVEMUP SUBMITTED, 20163020556753 9TH AVE NMUP SUBMITTED, 201630216212014 FAIRVIEW AVEMUP SUBMITTED, 201630230251915 3RD AVEMUP SUBMITTED, 201630237382815 ELLIOTT AVEMUP SUBMITTED, DECISION PUBLISHED3024377403 DEXTER AVE N