Seattle voters are set to make a monumental decision that could significantly impact the city’s housing landscape. The ballot includes a proposal for a $970 million housing levy, a bold initiative aimed at tackling the housing crisis and fostering a more inclusive and rental assistance over the next seven years. The ballot measure, Proposition No. 1, would renew an expiring property tax levy that voters last approved in 2016.
Skyrocketing housing costs have left many individuals and families struggling to find stable and secure living arrangements, leading to concerns about homelessness and housing insecurity. The proposed $970 million housing levy represents a concerted effort by the city to confront these issues head-on. Ballots went out in the mail last week. They must be returned to an official ballot drop box or postmarked by Nov. 7 to be counted. Most of the levy money — over $700 million — would go toward building and preserving about 3,500 units of affordable housing over seven years
The $970 million housing levy encompasses a wide array of initiatives designed to create affordable housing options and support vulnerable populations. These funds would be allocated towards constructing new affordable housing units, preserving existing affordable homes, and providing rental assistance for low-income individuals and families. Additionally, a portion of the levy would be dedicated to addressing homelessness by funding shelters, mental health services, and outreach programs.
There is no organized campaign against the levy. Howevet, to garner public trust, the proposed housing levy has some wondering about transparency and accountability. Clear guidelines and oversight mechanisms must ensure that the funds are used efficiently and effectively, maximizing the impact on the community. Regular updates and reports will enable residents to track the progress of housing projects and witness the tangible results of their investment.
The housing levy isn’t just about bricks and mortar; it’s about building communities and empowering residents. By investing in affordable housing, Seattle aims to create stable environments where families can thrive, children can excel in school, and individuals can access the resources they need to lead fulfilling lives. Moreover, the levy promotes economic stability by ensuring that a diverse workforce can afford to live within the city, fostering a more vibrant and resilient local economy. If approved, the housing levy would cost the owner of a median-value Seattle home about $383 per year, or $32 per month, the city estimates.
