The Poulsbo Metropolis Council unanimously this month authorized a one-tenth of 1% improve in gross sales taxes to develop inexpensive housing within the metropolis.
The Metropolis Council on July 14 authorized the tax improve, which can go into impact on Jan. 1, 2022, and can convey town’s gross sales tax to 9.1%. The tax is anticipated to make $425,000 a 12 months for town. Poulsbo will begin to obtain the cash in March 2022.
Town will use the income to fund its Nordic Cottages venture, wherein town plans to construct cottages to deal with girls and their kids at 609 Northeast Lincoln Highway, a metropolis property referred to as “The Triangle”.
“We’re nonetheless within the planning phases of this venture,” Poulsbo Mayor Becky Erickson stated. “However the thought is to make use of this funding to immediately construct and provide inexpensive housing for town of Poulsbo.”
Town expects to start design work on the Nordic Cottages this fall and have the venture prepared for bid in late spring of subsequent 12 months, Erickson stated.
Earlier than making any choices about the property, town will seek the advice of with neighbors of the world to verify folks perceive and assist the venture, Poulsbo’s director of housing, well being and human providers, Kimberly Hendrickson, emphasised.
“It is extremely necessary to me personally and town that we interact with the neighbors,” Hendrickson stated.
The improve was authorized after many discussions in Poulsbo.
Town’s inexpensive housing process pressure unanimously beneficial the passage of the one-tenth of 1% inexpensive housing gross sales tax to the Metropolis Council in February final 12 months.
In September 2020, the council authorized to allocating metropolis property at The Triangle and in the Klingle Natural Area for inexpensive housing functions.
Town of Poulsbo will spend a minimal of 60% of the income to immediately assemble inexpensive housing, as regulated by the regulation. Different cash will likely be used to offer supportive providers, Hendrickson stated.
“It is a superb begin and I feel we are able to do loads with that quantity,” Hendrickson stated.
Inexpensive housing is often used to explain housing that’s inexpensive for low-income households, who earn beneath 80% of the world median earnings, based on the duty pressure’s advice doc.
Poulsbo’s median family earnings is estimated to be $73,388 in 2019, based on U.S. Census Bureau’s 5-year estimates from 2015 to 2019.