So far this year, you’ll be voting on a $1.25 billion behavioral-health levy in April and the half-billion-dollar renewal of the Veterans, Seniors, Human Services Levy in August. Those are both countywide proposals. Now, one from the city – Mayor Bruce Harrell has gone public with his $970 million proposal to renew/expand the Seattle Housing Levy, aiming for the November ballot. The city has had a housing levy since 1986; the one that’s expiring now was passed in 2016 and was for $290 million, less than a third the size of the new plan. From the mayor’s office, here’s how this version would break out:
Rental Housing Production & Preservation: $707 million
Creates and preserves affordable rental housing, including Permanent Supportive Housing (PSH), for seniors, people exiting homelessness, working families with children, people with disabilities, and other low-income households.
Operating, Maintenance, and Services (OMS): $122 million
Ensures safe, sustainable operations at in Permanent Supportive Housing (PSH) and creates a new wage stabilization fund for workers in PSH buildings.
Homeownership: $51 million
Creates new permanently affordable for-sale homes, provides down-payment assistance for low-income homebuyers, and stabilizes low-income homeowners through emergency home repair grants and foreclosure prevention assistance.
Prevention & Housing Stabilization: $30 million
Provides short-term rent assistance and housing stability services to help low-income households avoid eviction or homelessness.
Program Administration: $60 million
Ensures continuous and effective administration of all Housing Levy-funded programs by covering costs associated with project selection and contracting, development underwriting, construction monitoring, project performance and compliance, fiscal management, program policies and reporting.
Tax rate: $0.45/$1,000 assessed value
Cost to median Seattle homeowners: $383/year or $31.92/month (based on assessed value of $855,136)
The City Council will review the levy proposal in a series of meetings before deciding whether to put it on the November ballot.
| 66 COMMENTS