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Five‑year outlook: King County housing capital funding set to decline as bond capacity wanes
Summary
Department of Community and Human Services staff told the committee that major county capital sources (transit‑oriented development and short‑term lodging bonds and VSHSL capital) are largely committed and forecast a sharp drop in annual housing capital funding beginning in 2027 unless new revenue is identified.
King County Department of Community and Human Services officials briefed the Health, Housing and Human Services Committee on Sept. 11 about a five‑year outlook for housing capital funding, warning that previously large funding streams are nearly exhausted and capital resources could decline steeply beginning in 2027.
Deputy Director Kelly Reiter, Division Director Sunari Marshall and Chief of Capital Programs Kristin Pula said the county has used multiple funding sources — most notably transit‑oriented development (TOD) bonding and short‑term lodging tax bonds — to support affordable housing production. Over roughly the past decade the county invested about $288 million in TOD funds and used those and other sources to…
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