politics
New tax to fund social housing likely headed to Seattle ballots
The measure proposes a 5% “excess compensation” tax on companies for each employee with a salary over $1M to help fund permanently subsidized housing.
The measure proposes a 5% “excess compensation” tax on companies for each employee with a salary over $1M to help fund permanently subsidized housing.
The AG’s Office reported an unprecedented number of claims as parks are bought up by corporations and pandemic eviction moratoriums expire.
After three forced moves, with a fourth on the horizon, the threat of homelessness looms for one couple amid a daunting housing market.
After major backlash from BIPOC leaders, Councilmember Maritza Rivera revised her proposal, but people still worry about funding for housing, clinics and arts spaces.
The money has helped accelerate housing construction in the state, but there’s still only one affordable home for every five households that need one.