The developer’s housing lottery for their first building, Elara at the Market, is underway. Here’s what you should know. SEATTLE — Fresh off the announcement of its first acquisitionSeattle’s Social Housing Developer has opened its lottery for preapplications. The social housing developer announced May 22 that it would acquire Elara at the Market, a 150-unit luxury apartment building in Seattle’s Belltown neighborhood. It is the first building acquired since the authority was created in 2023. Demand vs. availability With rents ranging from $665 for a studio to $1,482 for a two-bedroom unit, demand to live in the developer’s first…