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Construction crane on a site
AECFinanceIndustry NewsResidential

Mercy Housing Northwest, El Centro de la Raza Break Ground on $170MM, 400-Unit Affordable Project at Seattle’s Mount Baker Station

Construction is underway on the first 239 apartments of a 400-unit, $170 million affordable housing redevelopment on the former University of Washington laundry...

seattle skyline
FinanceIndustry NewsResidential

Seattle Awards $13.65MM to Five Developments for 77 Permanently Affordable For-Sale Homes

The City of Seattle is putting nearly twice as much money into affordable homeownership this year as it did in 2025. The awards...

Apartment building with a pink background
AECFeaturedFinanceIndustry NewsResidential

Seattle Apartment Market ‘Treading Water’ as Deputy Mayor Calls JumpStart Tax a ‘Slush Fund’

At the Simon | Anderson Multifamily Team's fall investor forum, Kidder Mathews' Dylan Simon described a Puget Sound apartment market stuck between flat...

tobias-wilden-4453DIQWtsQ-unsplash-apartment
AECIndustry NewsResidential

SCIDpda Begins Demolition for $30MM, 60-Unit Affordable Project at Former Spic ‘n Span Site in Seattle

The eight-story building planned on a contaminated former dry-cleaner site would add scarce family-sized affordable apartments to the neighborhood, but construction isn't expected...

money roll
CommercialFeaturedIndustry NewsResidential

Mayor Wilson’s $9.1B Seattle Budget Spares Employers a JumpStart Hike, Tightens the Screws on Apartment Fees

Mayor Katie B. Wilson's first proposed budget closes an inherited $175 million General Fund gap through spending cuts rather than a JumpStart payroll...

Seattle skyline
FeaturedIndustry NewsPeople on the MoveResidential

Mayor Wilson Appoints Kelli Larsen as Director of Seattle Office of Housing

Mayor Katie B. Wilson has tapped a five-year veteran of the Seattle Office of Housing, Kelli Larsen, to run the agency and execute...

hard hats
AECIndustry NewsResidential

Demolition Begins on 438-Unit Affordable Housing Project Near Mount Baker Station

Demolition crews have started clearing the north parcel of Seattle's long-planned Mount Baker Redevelopment Sites, marking the first visible construction activity on a...

Seattle skyline at dusk
FinanceIndustry NewsResidential

Seattle Office of Housing Opens $110MM NOFA for Affordable Rental Housing Development

A $110 million NOFA opens Seattle's second annual levy-funded round under Mayor Wilson, smaller than last year's record but paired with a second...

Planning and design for architects
AECFeaturedIndustry NewsResidential

Seattle Shelves 80% MHA Fee Cut as Builders Say 30 Stalled Projects and 6,000 Homes Hang in the Balance

A nonprofit coalition's abrupt reversal killed the summer timeline for Seattle's proposed two-year Mandatory Housing Affordability fee reduction, stranding a compromise that market-rate...

Process of cutting the red ribbon during the grand opening of a new property.
AECIndustry NewsResidential

SRM and Urban League Cut Ribbon on 207-Home Altaire at Jackson Park in North Seattle

The North Seattle community, backed by Amazon, the Washington State Housing Finance Commission and the Seattle Office of Housing, targets workforce renters earning...

Bellevue Washington Cityscape and Meydenbauer Bay Aerial View
AECFeaturedIndustry NewsResidential

Demolition Underway on Stalled Bellevue Hotel Foundation, Clearing Path for 146-Unit SRM Affordable Project

The teardown ends a nearly six-year stall on a 4.5-acre Mercer Slough-adjacent site and triggers Phase II of an Amazon-backed development designed to...

Apartments with Space Needle in the background
FeaturedFinanceIndustry NewsPortlandResidential

Private Capital Tightens Grip on Washington Multifamily as Pierce County Heats Up

A Berkadia Q1 2026 report shows mid-market investors driving deal flow, institutional buyers retreating to scale plays, and a coming delivery cliff setting...

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