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Committee backs updates to Seattle Housing Levy funding policies, adopts amendment clarifying OH debt and funding adjustments
Summary
The Housing, Arts and Civil Rights Committee recommended adoption of Counsel Bill 121218, updating the 2023 Seattle Housing Levy financial plan and funding policies for 2026–2028 and adopting an amendment that clarifies Office of Housing authority to use funds for debt restructuring, supplemental adjustments to facilitate construction closings and when competitive process is required. The committee vote was 3–0 and the bill was sent to the June 30 City Council meeting.
The Housing, Arts and Civil Rights Committee on June 24 recommended adoption of Counsel Bill 121218, which adopts the 2023 Seattle Housing Levy administrative and financial plan for program years 2026–2028 and updates housing funding policies that guide how the Office of Housing administers levy and other funds.
The committee adopted Amendment One before recommending the bill. The amendment, described by the sponsor, clarifies how Office of Housing may use levy resources for debt restructuring and stabilization, permits supplemental funding adjustments to facilitate construction financing closings or conversion from construction to permanent financing, and explains when such adjustments may be made administratively versus when a competitive process is required.
Committee members praised Office of Housing staff for preparatory work and said the amendment provides additional clarity and transparency about existing practices. The clerk called the roll on adoption of the amendment and recorded three votes in favor and none opposed; the committee then recommended adoption of the bill as amended by voice and roll-call vote and will forward the recommendation to the June 30, 2026 City Council meeting.
No formal dissent or alternative amendments were offered during the committee session. The legislation does not propose major policy changes to the levy but updates internal funding-policy language that staff said will help guide future allocations and make processes more transparent.
Next steps: The committee’s recommendation will be transmitted to the full City Council for consideration on June 30, 2026.
