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Seattle Mayor Jenny A. Durkan announces her plan for transformational investments in housing, homelessness, family-wage jobs, a new community center, and transportation safety through the sale of underutilized City-owned properties along Mercer Street. The announcement is a key component of Mayor Durkan's "Housing Seattle Now" initiative announced on July 24.

Under the agreement for the proposed sale of the properties, Seattle taxpayers would receive nearly $300 million in public benefits, including: 175 affordable homes on site; $5 million to combat homelessness; a new, 30,000 square-foot community center on site operated by Seattle Parks & Recreation; $78 million of the proceeds will invest in housing in communities across Seattle; and $16.7 million of the proceeds will support new and planned transportation projects to improve safety and increase options for getting around Seattle.