In a significant move to tackle Seattle’s housing crisis, voters are preparing to make a crucial decision on the city’s largest-ever property tax measure for affordable housing.
The latest iteration of the Seattle Housing Levy aims to raise an impressive $970 million over a span of seven years, which is more than triple the existing levy set to expire at the end of this year. Supporters of the levy assert that it represents a “critical investment” in the city’s housing stock, emphasizing the urgency of addressing the housing shortage.
Patience Malaba, a leader of the Yes for Homes campaign and the executive director of the Housing Development Consortium, underscores the gravity of the situation, stating, “We are in a deepening housing crisis that demands more tools at scale, and this levy rises to meet the moment.” However, not everyone is in unanimous agreement, as the levy also has prominent skeptics who advocate for alternative strategies to address the housing challenges facing Seattle.