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November Chapter Meeting: Yesler Terrace Development Update
Thursday, November 15, 2012 from 5:30 PM to 8:30 PM (PST)
November 15th CMAA Chapter Meeting:
Yesler Terrace Development Update
Seattle Housing Authority
The existing public housing community at Yesler Terrace sits on approximately 30-acres just east of downtown Seattle, on the southern slope of First Hill. Built from 1941 to 1943, it is among Seattle's most diverse and economically challenged neighborhoods. Seventy-years old, many of Yesler Terrace's buildings are reaching the end of their useful life cycle, and its water, sewer and other key systems are failing. While 561 of Yesler Terrace's apartments are still functional, they do not meet the modern-day needs of tenant families. The goal is to increase the 561 existing units to approximately 1,801 units.
The new Yesler Terrace is envisioned as a dynamic and welcoming urban, mixed-use community with convenient connections to nearby neighborhoods, and construction activities are slated to begin in fall 2013. It will house more people than today's community, with residential units, commercial, retail and open public spaces. This dynamic mix will allow Seattle Housing to minimize external funding for the project and to use proceeds from the sale of market-ratehousing and commercial properties to fund additional low-income, workforce and affordable housing.
· Social Hour/Check In (5:30-6:30pm): Includes no-host bar, networking, and table top presentation by Heery International
· Chapter Announcements/Dinner (6:30-6:45pm): Updates from Chapter President, Jan Rosholt
· Dinner Presentation (6:45-7:30pm): Seattle Housing Authority Presentation
NOTE: Cash or check are accepted at the door, but electronic registration is highly preferred