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Council hears city housing snapshot: affordable, workforce and low‑income categories overlap; 30% AMI remains hardest to serve
Summary
Community Development Director Keith Niven walked council through median prices, condo and apartment rents, and definitions of low‑income, affordable and workforce housing. He noted city median home prices and example rental rates and concluded the 0–30% area of need is
Federal Way — Community Development Director Keith Niven presented a snapshot of how regional home and rental prices map to federal area‑median income (AMI) bands and how those bands correspond with local housing needs.
Niven showed median home prices and representative listings: single‑family resale near the city median (roughly $650,000 in his presentation) and examples of both higher‑end new apartments (Trouvé, market rents roughly $2,400 for a one‑bedroom) and income‑restricted projects (Park 16, one‑bedroom rents in the…
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