The Seattle City Council approved a housing levy that would generate nearly $1 billion over the next seven years on Tuesday. Council Bill 120564 will be considered by Seattle voters during a November special election. The levy would fund affordable rental housing, rent supplementing and wage stabilization in the city. If approved by voters, the proposal would lift the limit on property taxes for up to seven years so they can be increased. Read more: https://www.king5.com/article/news/local/seattle/seattle-city-council-vote-proposed-housing-levy/281-f2886875-52b3-44c1-ba7c-c1e674847709