A new skyline is appearing at MSC’s newest affordable housing development, Redondo Heights!
We’ve made great progress and are on track for Redondo Heights construction to be completed in October 2024. MSC’s commitment to affordable housing development remains strong as the number of rent-burdened households continue to climb in our area and nationwide.
We’ve all heard the guideline that your housing costs should be less than 30% of your income. A recent study from the Joint Center for Housing Studies of Harvard University found that in the Seattle/Tacoma/Bellevue area, 49% of households are paying between 30-50% of their income toward rental housing costs. Even more staggering is that 25% of renters are paying 50% or more of their income towards housing.
This same report also found that nationwide, while all income levels had their rental cost-burdens increase, middle-income renters saw their housing cost-burden increase the most.
Redondo Heights will offer 334 units of affordable workforce housing for households with incomes between 50% and 60% of median area income.
Rent-burdened households also have to adjust their spending in ways that may affect their well-being. The study found that cost-burdened renter households that are also low-income spent 39% less on food and 42% less on healthcare than their unburdened counterparts.
Because we know that people have to make difficult choices around where to spend limited funds, MSC is also opening a satellite food bank at Redondo Heights that will not only serve the residents, but the entire community.
The pre-leasing interest waitlist for Redondo Heights is now open and can be found here. The Redondo Heights Food Bank will open in early 2025. Please check here more information and future updates!
We invite you to partner with us in bringing more affordable housing and access to nutritious food to South King County. We are building the Redondo Heights Fund to support operations at the satellite food bank and/or services at Redondo Heights through sponsorship, donations, or volunteering! Naming opportunities are available. Learn more here.
