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16 Alameda Countywide Homeless and Special Needs Housing Plan Take a look at.... Creating local sourCes of funding for affordable housing development City of Seattle Affordable Housing bevy Affordable housing development, particularly in high-cost areas like Alameda County,. requires piecing together many sourcesoHunding, The funding that most localitiesusetosupportaffordabl~housing development, such as HOME and CDBG, originate atthefederalleveland come with federally established restrictions. Some communities have created local sources offundingforaffordablehousing development that both increase the. total. amou nt of fund ing . avaiIable-therebyincreasing the. total amount of housing that can be developed-and create arnore fleXiblesourcethatcanfill in gaps left by other funding types. City of Seattle residents have voted to levy property taxes for housing four times in the past, in 1981, 1986, 1995, and most recently in 2002. The 2002 levy will result in $86 miUionJor affordable housing over 7 years, and is anticipated to assist more than 2,000 householdsduringthat.time.Planneduses.oUhe levy funds include: · $63 million for rental housing production · $7.8 million for an operating and maintenance program to ensurethata portion oftherental production program housing is affordable to extremely low-income households (households with incomes at or below 30 percent of median income) · $7.8 million for homebuyer assistance for approximately 326 households with incomes up to 80 percent of median income) · $2.8 million for rental housing payment assistance for homelessness prevention · $4.3 million for administrative costs The housing levy is administered by the City of Seattle'sOffiteof Housing. For more information on the Seattle Housing Levy, visitWWvi.seattle.goVlhciusinglLevy.htm.