SEATTLE CITY COUNCIL - Record No: CB 120804

• Record No: CB 120804
• Version: 1
• Council Bill No: CB 120804
• Type: Council Bill (CB)
• Status: Full Council Agenda Ready
• Current Controlling Legislative Body: Housing and Human Services Committee
• On agenda: 7/2/2024
• Title: AN ORDINANCE relating to housing for low-income households; adopting the 2023 Seattle Housing Levy Administrative and Financial Plan for program years 2024-2026; adopting Housing Funding Policies for the 2023 Seattle Housing Levy and other fund sources; authorizing actions by the Director of Housing regarding past and future housing loans and contracts; creating two funds for Housing Levy revenues; and ratifying and confirming certain prior acts.
• Sponsors: Cathy Moore
• Supporting documents: 1. Summary and Fiscal Note, 2. Summary Att A – RET – Geographic Distribution of OH investments, 3. Summary Att B – RET – Ground Floor Uses in Affordable Housing, 4. Summary Att C - RET - Prevention, Stabilization, and Resident Services, 5. Central Staff Memo, 6. Presentation, 7. Amendment 1 v1, 8. Amendment 1 v3 (added; 6/26/24)

Date	Ver.	Action By	Action	Result
6/26/2024	1	Housing and Human Services Committee	pass as amended	Pass
6/25/2024	1	City Council	referred
6/12/2024	1	Council President's Office	sent for review
6/5/2024	1	City Clerk	sent for review
6/5/2024	1	Mayor	Mayor's leg transmitted to Council

CITY OF SEATTLE
ORDINANCE ____________
COUNCIL BILL ____________
title
AN ORDINANCE relating to housing for low-income households; adopting the 2023 Seattle Housing Levy Administrative and Financial Plan for program years 2024-2026; adopting Housing Funding Policies for the 2023 Seattle Housing Levy and other fund sources; authorizing actions by the Director of Housing regarding past and future housing loans and contracts; creating two funds for Housing Levy revenues; and ratifying and confirming certain prior acts.
body
WHEREAS, pursuant to Ordinance 126837, in 2023 Seattle voters approved the levy of property taxes for the purpose of financing and supporting housing for low-income households ("Housing Levy"); and
WHEREAS, Ordinance 126837 provides for periodic adoption by the City Council of an Administrative and Financial Plan for programs funded by the 2023 Housing Levy; and
WHEREAS, the Administrative and Financial Plan is accompanied by Housing Funding Policies that also describe Office of Housing ("OH") programs and apply to Levy funds and other housing funds administered by OH as specified for each program; and
WHEREAS, Resolution 32093 provides for certain additional inclusions in the Administrative and Financial Plan and Housing Funding Policies; and
WHEREAS, OH developed the Administrative and Financial Plan and Housing Funding Policies with input from the Housing Levy Oversight Committee, subject matter experts at OH, staff in other City departments, housing developer and operator partners, and members of the community; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY OF SEATTLE AS FOLLOWS:
Section 1. The City Council adopts the 2023 Seattle Housing Levy Administrative and Financial Plan for program years 2024-2026, attached to this ordinance as Attachment A ("A&F Plan"). The A&F Plan incorporates the Housing Funding Policies attached to this ordinance as Attachment B ("Funding Policies"), except those policies that specifically apply only to fund so...