by Charles Mudede • Jul 26, 2021 at 3:32 pm
The construction of the first affordable housing tower in forever. Stacey Walters
Station House is seen by some as something of a success. The building is able to offer apartments to people who earn between $27,800 to $55,500 a year because Sound Transit sold the property to an affordable housing developer (Community Roots Housing) for what in our late day can be described as a song. Sponsored PayByPhone app users have a chance to win 1 of 5 unique experiences in Seattle!
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The deal was this: Sound Transit had extra land around the Capitol Hill Station, which was completed in 2016, and it sold 75% of it to the usual suspects (luxury this, luxury that) and 25% at at a deep discount. The result: 110 apartments for working- and middle-class workers in the heart of a very pricey part of town.