Let’s build social housing!
Pass a social housing payroll tax
Seattle voters have mandated social housing
On February 14, 2023, Seattle voted to create a social housing developer through I-135 by a 14% margin. Now we’re looking to fund the social housing developer through the creation of a payroll tax on excess compensation.
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![People lifting a small building together]()
What is social housing?
Social housing is removed from the speculative market, available to all, permanently affordable and publicly owned in perpetuity
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![A tophat with the words Excess Compensation above it]()
Where does the money come from?
Employers will pay the social housing payroll tax. Employers who compensate an individual employee over $1 million in a year will pay a 5% surtax on that excess compensation.
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![A crane next to the frame of a building being built]()
How will it be used?
The Seattle Social Housing Developer (SSHD) can use the Social Housing Tax to create hundreds of units of social housing a year.
Initiative 137 is endorsed by
