SEATTLE - Families looking for affordable housing in Seattle will eventually have more options.
Ground was broken for apartments in South Lake Union on Dexter Avenue North near Aurora Avenue, at a ceremony Tuesday.
The 71-unit building, named Anchor Flats, will have rents ranging from $840 to $1,200, or half the market rate for the area.
Bellwether Housing will manage the building.
Officials from the City of Seattle has said they want to create thousands of affordable housing units. $7.3 million of city money from the South Lake Union neighborhood upzoning program is being used for the project, according to Todd Burley with the Seattle Office of Housing.
Lower-income families have seen rents in Seattle skyrocket and found themselves pushed out unless affordable options exist.
"Our vacancy rate is almost zero. Once a vacancy pops up, it's taken almost immediately by a family who needs it,” said Susan Boyd with Bellwether Housing.
Bellwether Housing says they hope the Anchor Flats building will serve people who make single-person incomes around $35,000 a year.
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