Go Grow Somewhere Else

Seattle’s suburbs eagerly accept Microsoft’s $500 million investment for affordable housing—but Seattle itself is not interested.

Microsoft recently announced an unprecedented three-year, $500 million investment to spur housing development across the Puget Sound region. Since 2011, strong economic growth in the Seattle metro area has boosted overall jobs by 21 percent, but the housing stock has expanded only 13 percent, leading to a massive increase in rental and home prices. It’s…