Housing Developments: Snazzy graphs to be thankful for

Last week in Tax Reform…

Last week the House voted along party lines to pass a tax reform bill that has the affordable housing community very concerned. The bill would eliminate private activity bonds, a tool which has helped build 24,000 affordable apartments in King County over the last 30 years. While not directly impacted by the legislation, the Low Income Housing Tax Credit (LIHTC) has already seen a decrease in value as the proposed corporate tax rate drops from 35 percent to 20 percent.

The Senate is expected to vote on its own reform bill after Thanksgiving. We rolled out a brand new website to help you stay up to date on the whole situation as it relates to affordable housing here.

Other Developments…

  • The Vets, Seniors, and Human Services Levy Implemenation Planning Team are coming to a neighborhood near you! Do your part and give them your best ideas. (OF COURSE there’s a web-based form, too.)

  • Seattle Tech for Housing has been such a staple at community meetings that it is hard to believe they’re only a year old, but it’s the truth! Come celebrate their one year anniversary with happy hour next week.

  • The tax known as head or HOMES was voted down by Seattle City Council last week, but you probably haven’t heard the last of it yet. Meanwhile the Capitol Hill Blog walked us through how the budget looks and even included some snazzy graphs.

  • TOD x 3! (plus one) Three affordable housing developments on Sound Transit properties are moving along. Plus the very first REDI-funded affordable housing project is planned in Pierce County.

  • MFTE FTW in Kent: A City Council committee approved two new developments for the multi-family tax exemption.

  • Issaquah’s Providence Heights could have been turned into housing for veterans. Spoiler alert: it wasn’t. 

  • Affordable Housing was a top priority for the City of Redmond for 2018. Go Redmond!

  • How about the smile on this Affordable Housing advocate? Congrats to Art Mussman, Kirkland Senior Council advocate who was recently recognized by the AARP.

What did we miss? Email us with suggestions.
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