The latest news of interest to multifamily owners of apartment buildings in Oregon and Washington.
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Thursday, August 4, 2016
In Seattle, $290 Million Affordable Housing Levy Passes in Landslide Vote
The Seattle Times reports that Seattle voters signed on to a $290 million property-tax levy for low-income housing Tuesday, twice the amount approved seven years ago at the tail end of the Great Recession. The new seven-year levy, on the ballot as Seattle Proposition No. 1, will cost the owner of a $480,000 home about $122 annually, $61 more than the current levy. Read the full story.