Posted by: phillipsre | August 25, 2016

Seattle Votes for Affordable Housing

homelessIn the August 2nd primary, Seattle voters signed on to a $290 million property-tax levy for low-income housing, which is twice the amount approved seven years ago at the tail end of the Great Recession. Proposition 1 will cost home owners about $100 annually, most of this new money is to be spent on building, renovating or preserving about 2,150 units of rent- and income-restricted housing. This levy is positioned to help provide housing for very low-income people, those earning less than 30 percent of the area’s median income. For more information on the levy, click here to learn more. 


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