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Seattle to vote on funding for social housing (developing housing that would be cost-controlled and owned by taxpayers) (www.seattletimes.com)

submitted 1 day ago by [email protected] to c/seattle

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On ballots that went out last week, voters have two choices to make to determine the future of Seattle’s newest plan for housing.

The first is whether the developer should be funded at all. The next choice — regardless of the previous answer — is how.

Option 1A is with a new employer tax on all salaries over $1 million a year. Backers hope the 5% tax would raise as much as $50 million a year to be spent on buying and, eventually, developing housing that would be cost-controlled and owned by taxpayers.

Option 1B is to fund the developer with $10 million a year in existing city funding — specifically the city’s JumpStart tax on large corporations in Seattle.

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[–] MothmanDelorian 1 points 3 hours ago

In a clown because I don't believe ypu have proven that rent control has worked? If it had rent should have stabilized lower income housing which it did not. There should be more available affordable housing and there isn't.

You haven't proved anything. You have made ton of unsupported claims entirely constructed on "trust me bro". Do you have any idea how any of this works?