SPOKANE, Wash. -- The Spokane City Council approved an updated version of a sales tax that will go toward housing projects and support services in the community.
The council voted 5-2 for this updated 0.1% sales tax at Monday's city council meeting. The city says the tax will expire in 2040 unless the city council at that time extends it.
This tax was as the Housing Local Sales Fund. The money from the sales tax was set aside to go toward construction, acquisition and rehabilitation of affordable housing and housing-related support services in Spokane.
, Spokane needs more than 22,000 housing units by 2046, with more than half of those at 60% of the Area Median Income.
"We know more than one-third of renters are paying more than 50% of their monthly income on costs and are rent burden