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Inclusive Housing Investment Pool (formerly Strategic Opportunity Fund) AB 8706

2 stops across 1 body · May 22, 2023 → Dec 4, 2023

Summary

Inclusive Housing Investment Pool (AB 8706) allocated funds to preserve and create affordable housing. Council authorized funding on December 4, 2023.

Timeline

Each card is one meeting where this item was discussed, oldest first.

May 22, 2023 City Council Regular Meeting
Outside the archive's window — not yet ingested
Dec 4, 2023 City Council Regular Meeting Final action here
Action: Authorize Funding
Carried 6-0
The City of Issaquah adopted a 0.1% sales tax increase for affordable housing and has also received State pass-through revenues for affordable housing investments. Both revenue collections started in 2021. These two revenue sources are commonly referred to as HB 1590 and HB 1406, respectively, referencing the legislation that enacted them. Over the 2021-2024 period, the City anticipates collecting
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