Have you actually read the Ordinance? Carefully constructed policy and planning? I think the Cherry Street Project parallels the same careful policy and planning of the so-called Home Opportunity Fund. Allow me to point out a few gems:
- Updates to development regulations - Only now being done after the problem is so restrictive even the HOF needs the rules loosened. Then has the audacity to suggest the private sector has not met this need.
- Causes the property tax cap reset at the higher rate, clearing the way for future increases without a vote.
- Multiple layers of administration adds costs for everything BUT building. 10% for County admin, 15% for "ancillary" a cut for the non profits, 40 years of oversight to be endowed. Where is the money for housing?
- Most outrageous is the carefully constructed language designed to deceive our citizens. Temporary Transitory Accommodations=Tent Cities. RCW36.01.290
Prop1 HARMS thousands to help a few, but our mighty planners missed this fact.