King County and Seattle are allocating a combined $134 million for the construction of 1,600 affordable homes. Seattle will use $108 million from its 2023 Housing Levy to create 655 affordable homes, with a tax rate of 45 cents per $1,000 of assessed value. The One Seattle Comprehensive Plan aims to increase housing capacity significantly. King County is distributing $26 million for nine affordable housing developments, generating 848 new homes and addressing the critical shortage of affordable housing in the region.
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