SEATTLE CITY COUNCIL - Record No: CB 121153

• Record No: CB 121153
• Version: 1
• Council Bill No: CB 121153
• Type: Council Bill (CB)
• Status: In Committee
• Current Controlling Legislative Body: Finance, Native Communities, and Tribal Governments Committee
• On agenda: 1/20/2026
• Title: AN ORDINANCE relating to the Social Housing Tax; authorizing the Mayor or designee to enter into an interlocal agreement with the Seattle Social Housing Developer to establish the terms and procedures for the implementation, administration, transfer, reporting, and oversight of the Social Housing Tax, including provisions for reimbursement of the City's administrative and implementation costs and outstanding loan balances; creating the Social Housing Tax Fund; and ratifying and confirming certain prior acts.
• Sponsors: Dan Strauss, Dionne Foster
• Supporting documents: 1. Summary and Fiscal Note, 2. Presentation, 3. Amendment 1

Date	Ver.	Action By	Action	Result
1/20/2026	1	Finance, Native Communities, and Tribal Governments Committee	discussed
1/13/2026	1	City Council	referred
1/12/2026	1	Council President's Office	sent for review
12/3/2025	1	City Clerk	sent for review
12/3/2025	1	Mayor	Mayor's leg transmitted to Council

CITY OF SEATTLE
ORDINANCE __________________
COUNCIL BILL __________________
title
AN ORDINANCE relating to the Social Housing Tax; authorizing the Mayor or designee to enter into an interlocal agreement with the Seattle Social Housing Developer to establish the terms and procedures for the implementation, administration, transfer, reporting, and oversight of the Social Housing Tax, including provisions for reimbursement of the City's administrative and implementation costs and outstanding loan balances; creating the Social Housing Tax Fund; and ratifying and confirming certain prior acts.
body
WHEREAS, on February 14, 2023, Seattle voters approved Initiative 135, a citizen-initiated measure to create an independent public development authority, the Seattle Social Housing Developer (the "PDA"), to develop, own, and maintain public affordable social housing in Seattle; and
WHEREAS, on February 11, 2025, Seattle voters approved Proposition 1A, imposing a five percent tax rate on employers doing business in Seattle for any annual employee compensation above $1,000,000 (the "Tax"), which the City is responsible for collecting and transferring to the Seattle Social Housing Developer and is intended to support the development and operation of social housing in Seattle; and
WHEREAS, Section 5.37.070 of the Seattle Municipal Code dictates that up to 5%, but no more than $2,000,000, of the annual Tax revenue may be allocated to administer the Tax with the remaining revenue to be promptly transferred to the PDA; and
WHEREAS, the City and the PDA executed a loan agreement for up to $2,000,000 as authorized by Ordinance 127246; and
WHEREAS, cities and public agencies are authorized to enter into interlocal cooperation agreements in accordance with chapter 39.34 RCW to jointly provide services; and
WHEREAS, the City and the PDA desire to enter into an interlocal agreement for the purpose of governing the implementation, administration, transfer, reporting, and oversight of t...