CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
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AN ORDINANCE relating to the City Light Department and the Office of Housing; transferring jurisdiction of the former Loyal Heights and Phinney Substation properties from the City Light Department to the Office of Housing for the purpose of developing permanently affordable home ownership.
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WHEREAS, the City Light Department of The City of Seattle ("City Light"), in compliance with Resolution 31424, has notified other City departments and other public agencies about the former Loyal Heights and Phinney Substation properties being excess to City Light's needs and available for sale and transfer, with the Office of Housing being the sole City entity to express its interest in acquiring both properties for permanently affordable home ownership; and
WHEREAS, the Office of Housing has a track record of investing in affordable housing, including permanently affordable homeownership; and
WHEREAS, access to publicly owned land for use as affordable housing at key locations furthers the City's fair housing goals and offers cost savings that increase project viability; and
WHEREAS, there are very limited opportunities for first-time, low-income homebuyers at or below 80 percent of Area Median Income to purchase a home within The City of Seattle; and
WHEREAS, Ordinance 125571 allows for strategic land acquisition by the Office of Housing
to purchase property and secure it for critical long-term affordable housing development
opportunities; and
WHEREAS, City Light, in compliance with Resolution 31424, has conducted a robust community outreach to solicit public input on the potential disposition of the former Loyal Heights and Phinney Substation properties, and has submitted a report on its efforts, comments received, and recommendations on the disposition of the property to the City Council after first notifying the interested public of this same information; and
WHEREAS, C...
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