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Record No: CB 119236    Version: 1 Council Bill No: CB 119236
Type: Ordinance (Ord) Status: Passed
Current Controlling Legislative Body City Clerk
On agenda: 4/23/2018
Ordinance No: Ord 125571
Title: AN ORDINANCE relating to low-income housing; modifying the 2016 Housing Levy Acquisition and Preservation Program as described in Ordinance 125028; amending the Administrative and Financial Plan for the 2016 Housing Levy and the Housing Funding Policies for the 2016 Housing Levy and other fund sources, each as adopted by Ordinance 125308; amending Ordinance 125493, which amended the 2018 Budget (Ordinance 125475), by revising Budget Summary Level Purpose Statements; authorizing the Director of Housing to use 2016 Housing Levy funds to acquire options; and ratifying and confirming certain prior acts.
Sponsors: Teresa Mosqueda
Attachments: 1. Ex B - Housing Funding Policies
Supporting documents: 1. Ex A - Housing Levy Administrative & Financial Plan, 2. Summary and Fiscal Note, 3. Ordinance Office of Housing Acquisition Legislation, 4. Signed Ordinance 125571, 5. Affidavit of Publication
CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to low-income housing; modifying the 2016 Housing Levy Acquisition and Preservation Program as described in Ordinance 125028; amending the Administrative and Financial Plan for the 2016 Housing Levy and the Housing Funding Policies for the 2016 Housing Levy and other fund sources, each as adopted by Ordinance 125308; amending Ordinance 125493, which amended the 2018 Budget (Ordinance 125475), by revising Budget Summary Level Purpose Statements; authorizing the Director of Housing to use 2016 Housing Levy funds to acquire options; and ratifying and confirming certain prior acts.
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WHEREAS, the Acquisition and Preservation Program is one of five affordable housing programs for low-income households funded by the 2016 Housing Levy, as authorized by Ordinance 125028 and approved by the voters in 2016; and
WHEREAS, Ordinance 125028, subsection 5.D, authorizes the City Council to make changes to Housing Levy programs; and
WHEREAS, Lincoln Institute of Land Policy data show Seattle metro area home and land values increased by 42 percent and 66 percent respectively between 2011 and 2016; and
WHEREAS, surplus land can serve as a valuable resource for affordable housing; and
WHEREAS, City-owned properties, including sites that may not be transferred for less than fair market value and sites that are under-utilized and may be slated for redevelopment, provide opportunities for additional affordable housing; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. The Seattle Housing Levy Administrative & Financial Plan for Program Years 2017-2018, previously adopted by Ordinance 125308, is amended as shown in Exhibit A to this ordinance, modifying the scope of the Acquisition and Preservation Program.
Section 2. The Housing Funding Policies for the 2016 Seattle Housing Levy and other fund sources, previously adopted by Ordinance 12530...

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