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(1) The city may use the moneys collected by the tax imposed under this chapter for the following purposes:

(a) Acquiring, rehabilitating, or constructing affordable housing, which may include new units of affordable housing within an existing structure or facilities providing supportive housing services under RCW 71.24.385; or

(b) Providing the operations and maintenance costs of new units of affordable or supportive housing; or

(c) Providing rental assistance to tenants.

(2) The housing and services provided under this chapter may only be provided to persons whose income is at or below 60 percent of the median income of the city. (Ord. 1520 § 1 (Exh. A), 2023).