Att 1 – Proposed Five-Year Spending Plan
V1

Program/Activity

2021
Spending 1

Program Description

P0F

2022
Spending

2023
Spending

2024
Spending

2025
Spending

Total / 5-year goals

Direct Case Assistance
Cash Assistance to Low
Income Households Impacted
by the COVID-19 Crisis

$205 million

Pay back the interfund loan (including interest) used in 2020 to provide cash assistance to
Seattle households during the COVID-19 Crisis. These funds could serve up to 100,000
Seattle households with monthly payments of five hundred dollars for four months.
% of revenue (after start-up and ongoing administrative costs)

$205 million

-

-

-

-

27%

-

-

-

-

$362 million

$362 million

$361 million

$361 million

Cash assistance to
100,000 low income
households

Affordable Housing Inventory & Services
Rental Housing Production to
Assist Households from Zero
to 100% of AMI

Capital construction or acquisition of units in affordable housing projects, including mixed
income, permanently serving households with incomes from 0% of Area Median Income
(AMI) to 100% of AMI.

Operating and Services
Support for PSH

Operating and services support for PSH serving the most vulnerable homeless with incomes
at 0-30% of AMI.

$1.8 billion
$414 million

5-Year Goal: 5,600 units

Affordable Housing Inventory and Services Subtotal
% of revenue (after start-up and ongoing administrative costs)

-

$9 million

$17 million

$25 million

$33 million

$70 million supporting
1,400 PSH units Funded
in years 1-4

$414 million

$371 million

$378 million

$386 million

$394 million

$1.9 billion

55%

75%

75%

75%

75%

$138 million

$124 million

$126 million

$129 million

$131 million

18%

25%

25%

25%

25%

$15 million

$16 million

$16 million

$16 million

3%

3%

3%

3%

$510 million

$520 million

$531 million

$541 million

Green New Deal Implementation

Green New Deal
Implementation

Fund the following strategies to help implement Seattle’s Green New Deal as articulated in
Resolution 31895: investments to convert residential housing units from natural gas and
heating oil to electric heat; solar installations; weatherization of existing residences; and
investing in job training programs to equip workers with the necessary skills to thrive in the
green economy and ensure a just transition for workers whose jobs currently depend on
the fossil fuel industry.
% of revenue (after start-up and ongoing administrative costs)

$648 million

Start-up & Ongoing Administrative Costs
Start-up costs and ongoing administration

$29 million
% of total revenue

2
P1F

TOTAL ANNUAL SPENDING:

1

5%
$786 million

$92 million
$2.9 billion

The spending plan assumes that in 2020, the City will use an interfund loan to direct $200 million dollars to be distributed as cash assistance directly to low-income households in the City of Seattle in response to the impacts of the COVID-19 emergency. In 2021, the
payroll tax revenue generated in 2020 but collected in 2021 will be used first to pay back that interfund loan, including interest.
2
If the full amount allocated to the “start-up and ongoing administrative costs” category is not needed, any remaining revenue will be split 75/25 between the affordable housing inventory & services and Green New Deal implementation categories.
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