SEATTLE – Today, the City of Seattle announced the funding awards for the 2025 Notice of Funding Availability (NOFA) for Affordable Rental Housing. These investments support 2,116 affordable homes across 20 buildings with $155 million in funding. The investment strategy aligns with the City’s goals to expand housing affordability, prevent displacement, and support vulnerable residents. 

Projects were chosen through a careful review process to find developments that best represent Seattle’s goals of equitable development and long-term housing stability. The 2025 awards show our commitment to adding more affordable housing and keeping our current portfolio in good operating condition. These investments help individuals, families, and seniors with low incomes stay in healthy and stable housing.  

“Housing is the cornerstone of vibrant, sustainable communities. This investment will build and preserve 2,116 income-restricted homes for workers and families, and help unsheltered residents move into permanent housing,” said Mayor Wilson. “Expanding Seattle’s housing supply – and ensuring more people can afford to live here – is a top priority for my administration, and these awards are an important step toward an affordable Seattle for all.” 

The 2025 NOFA awards are distributed across three primary categories to meet diverse housing needs: 

New Production and Acquisition 

439 new affordable rental homes will be supported through a $64 million investment. These investments help grow the City’s housing supply and align with NOFA priorities by ensuring that at least 20% of new units are designated for people earning 0-30% of the Area Median Income (AMI) or are family-sized units with two or more bedrooms.  

Preservation 

822 existing affordable rental homes across eight properties will be rehabilitated, supported through a $33 million investment. These investments address deferred maintenance, extend long-term affordability, and ensure healthy and stable housing for current tenants. 

Stabilization 

For the first time, we have allocated a Stabilization fund which will help stabilize 855 affordable rental homes supported through a $58 million investment. This investment addresses urgent financial challenges and provides resources to housing providers to restructure debt and cover key operating expenses, which helps prevent the potential loss of these homes.  

These awards strengthen Seattle’s long-term housing portfolio by protecting affordability over time to make sure people with the lowest incomes have stable housing. 

This significant investment comes at a crucial time for Seattle, as rising costs put increasing pressure on residents seeking stable, affordable housing. By focusing on new development, critical repairs, and long-term stabilization, the City is working towards keeping people housed and communities strong. These awards demonstrate Seattle’s ongoing commitment to making sure everyone, from families with children to residents with low incomes, has access to healthy and affordable homes.  

What People Are Saying  

Seattle City Councilmember Dionne Foster
Housing, Arts, and Civil Rights Committee Chair
“These investments reflect significant gains in the number of affordable units the city will provide and preserve, particularly for families. Almost 40 percent of the new units will be family sized housing - helping people afford to raise their children in Seattle and helping multigenerational families stay together. Further, our investments in permanent supportive housing could not come at a more critical moment as we face funding threats from the federal government. Together these awards advance us towards a more affordable and inclusive city.” 

Colleen Echohawk, CEO, Community Roots Housing
“Stabilization funding is essential to protecting the affordable homes we already have. This investment from the City allows Community Roots Housing to keep the Jefferson and Holiday apartment buildings safe, well-maintained, and affordable for the long term, while ensuring residents experience stability, dignity, and care in the places they call home. We’re grateful for the City’s partnership and its continued commitment to preserving affordable housing across Seattle.” 

Karen Lee, CEO, Plymouth Housing
“We are grateful for the City of Seattle’s continued investment in affordable housing preservation. This funding will help ensure that existing homes remain safe, stable, and affordable for residents who depend on them. Preserving permanent supportive housing is critical to addressing Seattle’s homelessness challenges, and we appreciate the City’s leadership in this work.” 

Susan Boyd, CEO, Bellwether Housing 
“Sunbreak tower will deliver on Bellwether’s promise to create quality, affordable homes near jobs, schools, transit, and the rich opportunities of our region, for people who could not otherwise afford to live here. This project was born in partnership with the University of Washington, who dedicated the land for this development, and who shares our belief that Seattle should belong to the people who labor in it, regardless of income. Sunbreak Tower will provide 244 households with an opportunity to call the community they serve ‘home.’ We are grateful for the City of Seattle’s investment that has made this possible.” 

Patience Malaba, Executive Director, Housing Development Consortium “These transformational investments in affordable housing are essential to building a healthy and stable foundation for communities across Seattle. The work the Office of Housing is doing is critical to meeting the housing crisis head-on and increasing affordability throughout our city.” 

Maiko Winkler-Chin, Director, Seattle Office of Housing 
“These awards reflect our shared commitment to building strong, connected communities. When we invest in affordable homes and ensure they remain affordable for generations, we’re investing in stability, health, and opportunity for every family in Seattle. It’s a privilege to steward these resources and to partner with our neighbors in shaping a city where everyone has a healthy and affordable home.”