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Weekly Roundup: Seattle's Affordable Housing Surge: Leading the Nation
Seattle is leading the nation in affordable housing production, delivering over 14,000 units since 2020, surpassing New York City.
Urbanize Team
February 02, 2026
📅 Today's Story: Seattle has emerged as the leading U.S. metro in affordable housing production, delivering over 14,000 units since 2020, surpassing New York City. The city's financial commitment and innovative funding strategies are pivotal in addressing the ongoing housing shortage.
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📰 What Happened: Seattle has constructed 14,290 affordable housing units over the past five years, outpacing New York City by a narrow margin. This achievement is part of a broader effort, supported by nearly $350 million annually, including funds from a longstanding housing levy and a new tax on high earners.
🔍 A Closer Look: Seattle's approach includes a mix of public funding and innovative taxation to support affordable housing. The city recently introduced an 'excess compensation' tax targeting those earning over $1 million annually, expected to generate $50 million each year for new projects. Despite these efforts, Seattle still faces a significant housing shortfall.
🧠 Why It Matters: Seattle's leadership in affordable housing production highlights a critical urban issue—housing affordability. While progress is evident, the city's ongoing deficit underscores the need for sustained efforts. Other metros can learn from Seattle's strategies, as addressing affordable housing is essential for vibrant, inclusive urban communities.
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