Title 08 Taxation and Revenue
Chapter 08.07B Sales and Use Tax for Affordable and Supportive Housing
Section 08.07B.020 Purposes
- The City may use the moneys collected by the tax imposed under SMC 08.07B.010 or bonds issued under subsection 1(9) of Chapter 338, Laws of 2019 only for the following purposes and in accordance with Chapter 338, Laws of 2019:
- 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
- Funding the operations and maintenance costs of new units of affordable or supportive housing.
- The housing and services provided under this section may only be provided to persons whose income is at or below 60 percent (60%) of the median income of the City.
- In determining the use of funds under this section, the City must consider the income of the individuals and families to be served, the leveraging of the resources made available by the tax collected under SMC 08.07B.010, and the housing needs in Spokane.
Date Passed: Monday, December 9, 2019
Effective Date: Friday, January 17, 2020
ORD C35845 Section 1
