Resolution 3528 - Laserfiche WebLink

Decision: Deny the appeal and affirm the Decision Document as written with regard to this issue. SECTION 42: BOEING $2 MILLION VOLUNTARY CONTRIBUTION Findings: • Appellants' assertion that the $2.0 million voluntary contribution would be better spent if it were donated to the Housing Trust Fund has not been factually or analytically supported in the record. • The Appellants assert that a voluntary contribution of$2.0 million investment tax credits will provide few housing units. However. Appellants fail to provide any information to the record to support such an assertion. • Boeing has agreed to provide $2.0 million worth of investment tax credits in low income housing as a voluntary mitigation measure. • The tax credit program is the principal assistance program for participation by the private sector and is recognized in both State and Federal housing programs. • A $2.0 million investment in tax credits will allow creation of an estimated 100 units of low income housing. • The Responsible Official maintains the responsibility for the implementation of the Decision Document and the mitigation measures contained therein. The expanded Mitigation Committee is to advise the Responsible Official as to how the mitigation measures are carried out. • The tax credit program has already operated in over 15 projects in Snohomish County and it has a proven track record for creating low income housing (Housing Finance Committee Rental Rehabilitation Guide). • Appellant's assertion that $2.0 million will result in the production of relatively few housing units is not supported by adequate data or analysis on the record. Conclusions: • Where, as here, the $2.0 million contribution is voluntary, it is the decision of the contributor not the Responsible Official as to what is a "preferable contribution". 61