The term “blight” has evolved from its genesis in the early 1900s to describe the spread of slums and disease. Blight also has a long-term racial legacy as the legal touchstone for many eminent domain actions that broke apart predominately BIPOC communities throughout hundreds of American cities. In short, blight today is defined as a physical space or structure that is no longer in acceptable or beneficial condition to its community. The City’s thoughtful approach to creating long-term, sustainable affordable housing solutions are working to combat future blight by ensuring the design of livable communities for all Snohomish families.
In addition, the MFTE will have a positive impact on the City’s finances because it will cause certain revenue sources to increase, including:
- Sales tax from the construction
- Permit and other development-related fees including utility connections
- Sales tax generated by new residents
- Increased utility tax revenues
- New utility customers
- Real Estate Excise Tax (REET)