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Are there guarantees for maintaining the low rent for the 500 low income residents who live in buildings throughout the Market?

April 26, 2017buildings guarantees income live low maintaining market rent residents

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Are there guarantees for maintaining the low rent for the 500 low income residents who live in buildings throughout the Market?

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The Pike Place Market Preservation and Development Authority (PDA) owns and operates 340 units of housing, the majority of which are low income Section 8 subsidized units. The remainder of the housing in the Market is owned and operated by other agencies and owners. The PDA renovation plans are to repair and upgrade the building systems: heating, electrical, plumbing, elevators. There are no plans to change the operation of the housing, and as long as the federal government continues to support and renew the Section 8 programs, they will continue.