Chair’s package creates a Central District and Southeast Seattle Reinvestment Fund with $1.35 million seed
November 06, 2025 | Seattle, King County, Washington
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Noble and Chair Strauss described the purpose as making community redevelopment investments in the Central District and in Southeast Seattle more broadly. The seed amount would be appropriated into finance general and then transferred into the new fund once enabling legislation is enacted.
Council member Joy Hollingsworth, who spoke on the item, said the measure allows the budgetary step to occur now while holding detailed policy actions until a later date: “This fund requires two pieces of legislation. One is the enabling legislation that creates the fund… and the second is an authorizing…describing what the rules are regarding this fund. I’ve requested Councilmember Hollingsworth hold the second piece of legislation for committee next year.” Noble confirmed the two-step approach would allow the council to set up the fund and continue policy work next year.
The item was described as a finance-technical approach to enable future targeted investments in under-resourced neighborhoods; specific programmatic uses and allocation rules will be determined when the council considers the second piece of legislation.
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