Bellevue Advances Largest Housing Funding Round in City History

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Bellevue's City Council is moving forward with the largest housing funding round in city history, steering more than $38 million toward affordable housing projects. The plan would create 271 new affordable units in Bellevue and help fund 234 more across the Eastside, while officials also revisit tax incentives to keep housing options accessible as the city grows.

Why it matters

As Bellevue continues to experience rapid growth and rising housing costs, this historic funding round represents a significant step towards addressing the city's affordable housing needs and ensuring that residents of all income levels can find suitable homes.

The details

The $38 million in funding will go towards a variety of affordable housing initiatives, including the construction of new units and the preservation of existing affordable housing. City officials are also exploring tax incentives to encourage the development of more affordable units as Bellevue's population and housing demands continue to expand.

• Bellevue's City Council is currently moving forward with the largest housing funding round in the city's history.

What’s next

The city will continue to work on implementing the affordable housing initiatives funded by this historic round, with the goal of creating 271 new affordable units in Bellevue and 234 more across the Eastside.