A new low-income housing levy was officially announced by Councilmember Teresa Mosqueda during a press conference Wednesday. With the 2016 Housing Levy expiring at the end of the year, Seattle lawmakers are hoping to have a new levy ready to take its place. The Seattle city council has been working on amending a new levy for months. Here's what Mayor Bruce Harrell's proposed 2023 Low-Income Housing Levy would do. The levy proposes lifting the limit on property taxes for a maximum of seven years, under Revised Code of Washington 84.55. Property taxes would then be increased during those seven years to help provide housing for low-income individuals and families. This would be done in a variety of ways. Read more: https://www.king5.com/article/news/politics/seattles-proposed-levy-mean-property-owners/281-fe0c65f6-1414-4b53-a3fe-27ad4fc3e016