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Tenants Buy Their Buildings Pilot | Seattle News
Olympia’s Land Use and Environment Committee is launching a bold pilot program to empower renters to buy the buildings they live in—turning tenant ownership into reality through cooperative models. Facing urgent challenges like rapid property turnover and insufficient funding windows, the team is exploring partnerships with housing trusts and resident-owned community experts to fast-track financing and streamline notifications. With estimates suggesting a 30-40% subsidy may be needed to keep homes affordable, and concerns over the current 70-day timeline, officials are racing to design a…
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