FAQs

 Here are the answers to the questions we get asked most often.  Do you have one that is not listed here?  Contact us at olyhomefund@gmail.com

What is the funding mechanism?

A:

Action

Annual Investment

Impact Made

Sales Tax Funds will provide afford able housing units, rent assistance, and support services.

$2.1 Million per year in direct revenue collected.

$4.2 Million in annually leveraged State, Federal and other funding.

at least 350 permanent units created over the first ten years.

How will the funds be raised and how will they be used?

A:

Proposes to increase Sales Tax by one-tenth of 1% (.1%) 

  • This would raise Olympia's sales tax to match the same rate as Tumwater and Lacey

Proposed funding matrix 

  • 65% capital for housing units
  • 20% operation & support services
  • 8% administration
  • 7% shelter

Who are the providers of the support services?

A:

Nonprofit providers with capacity to operate units and provide services include:

Behavioral Health Resources, Community Youth Services, Catholic Community Services, Interfaith Works, Family Support Center, Homes First, SideWalk, Panza, The Housing Authority of Thurston County and Low Income Housing Institute

  • Additional operating and support services funding could include document recording fee, tenant rent assistance and fundraising

If we build housing, will that attract homeless people to our community?

A:

Many people have this concern – and not just in our city. Cities across the country believe that they are magnets for the homeless.

National research shows that the homeless are less mobile than the general public, that 80% experience homelessness in their community of origin (where they had their last permanent address), and that those few who do move do so for jobs or to be closer to family. Data from the annual homeless census in Thurston County, which has been conducted every year since 2002, is consistent with the national research. 

How do you identify the most vulnerable?

A:

There are three organizations in Olympia that will be responsible for referring vulnerable households to the newly created affordable housing - the Family Support Center, SideWalk, and Community Youth Services. All three of these organizations use research-supported assessment tools that prioritize those households that are at greatest risk of dying on the streets.

FAQ