Seattle’s nonprofit affordable-housing providers are finding themselves in deep water. According to an Alex Fryer column in the Seattle Times, the City of Seattle has recently given $14 million in emergency funding to affordable housing nonprofits and developers in an attempt to stabilize them and mitigate their losses. The article reports the financial losses of several nonprofit housing providers due to non-payment of rent, costly evictions, vacancies, and behavioral challenges with tenants. However well-intentioned the efforts to finance nonprofit housing have been, the properties have been plagued by policies that strip tenants of accountability at the cost of landlords and a legal system that seemingly stonewalls attempts to remove non-paying or destructive tenants. But the problem isn’t isolated to urban Read More ›