Critics worry housing plan will wreck Seattle’s character
SEATTLE -- Seattle's booming tech industry has brought a massive influx of new residents with big wallets to the city. But an ensuing housing crunch has led to skyrocketing rents and home prices that have strained middle- and working-class families and deepened the city's homelessness crisis. To keep construction humming and help people of all incomes stay, city officials have come up with what's dubbed the "grand bargain": Let developers build taller and denser in core areas across the city and require them to either include units that working-class people can afford, or pay for projects to be built elsewhere.
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