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Seattle Mayor and Council Think $1,115 a Month for Rent is Affordable Housing
Continue to the storyWhile the abundance of cranes on the Seattle skyline seems to indicate there remains some profitability in development, the Seattle City Council hesitated Tuesday to actually put some teeth behind infrastructure taxes on this period of growth: To some low-income-housing advocates, spending $1,115 a month to rent a studio apartment in Seattle does not sound affordable. Mayor Greg Nickels and the Seattle City Council say it is. The city defines an affordable place as costing no more than 30 percent of a household's income. Separately, the city now spends $40 million a year in voter-approved levy funds on low-income housing targeted at people who make below 50 percent of median income.