Seattle to spend $970 million on affordable housing as levy appears to pass
BY FRANK SUMRALL
MyNorthwest Content Editor
Seattle Mayor Bruce Harrell is celebrating the approval of a $970 million housing levy that the city claimed will help create affordable housing.
“We know issues of affordability, housing access, and homelessness are strongly interconnected, and this comprehensive package is designed to make a meaningful impact,” Harrell said in a statement. “The levy means more resources to build more affordable places and permanent supportive housing for people to live, to create new homeownership opportunities that support generational wealth building, and to support workers who provide the services that help people recover and stay housed.”
The latest check of the City’s Proposition 1, had Yes leading No 66-34%.
The levy will raise property taxes to generate $970 million over seven years, replacing an existing levy that expires at the end of 2023. It will add an average of $300-$400 to an average Seattle property owner’s taxes.
https://mynorthwest.com/3932812/seattle-spend-affordable-housing-harrell-budget/