Affordable Housing
Back to News Center Seattle King County REALTORS® continues to work throughout the region to encourage cities to adopt flexible and bold comprehensive plan policies and related development regulations to encourage ADUs and middle housing in their cities. We are encouraging policy makers to view increased housing supply through zoned…
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Back to News Center After years of work, the Bellevue City Council officially adopted land use code changes and rezoned the Wilburton transit-oriented development area to implement the Wilburton Vision, which seeks to transform Wilburton as a vibrant, mixed-use neighborhood with strong transit connections. The rezone establishes four new mixed-use…
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Back to News Center Of the top 50 housing markets in the U.S. only three (all in the Midwest) are considered affordable for median earners, according to Realtor.com. In its analysis, the listings website used the industry threshold that no more 30% of a household’s income is spent on buying…
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Back to News Center The dream of homeownership is a powerful motivator for both Gen Z and Millennials, new research shows. Even though they face financial hurdles, these would-be buyers prioritize the long-term financial security a home can provide. Despite uncertainty among prospective homebuyers and current owners, more than half…
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Back to News Center Seattle Mayor Bruce Harrell signed an executive order in late June to create an interdepartmental team that is tasked with streamlining the process to build homes and start a business. Titled PACT, or “Permitting and Customer Trust,” the measure represents “the most significant concerted effort in…
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Back to News Center On April 25, representatives from Seattle King County REALTORS® (SKCR) attended the campaign kick-off breakfast for Claudia Balducci, whom SKCR has endorsed for King County Executive in this year’s election. Balducci, a long-time REALTOR® Champion, currently serves on the King County Council for District 6 and…
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Back to News Center Background During the last 5 years, the Legislature has tried several different approaches to address our state’s housing crisis: Incentives Beginning in 2019, with support from REALTORS®, the Legislature provided financial incentives to cities if they made specific modifications to development regulations to quickly accommodate more…
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Back to News Center Seattle King County REALTORS® is working throughout the region to encourage cities to adopt flexible and bold comprehensive plan policies to not just accommodate, but encourage ADUs and middle housing in their cities, in compliance with HB 1110 and HB 1337. We are encouraging policy makers…
Read More Back to News Center In 2023, Seattle voters approved a nearly $1 billion renewal of the Seattle Housing Levy. Accordingly, this year marks an all-time high, $340 million, in spending on income-qualified/subsidized housing for households earning 80% and below area median income. While SKCR’s focus is on increasing market-rate housing…
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Back to News Center Recent actions by the City of Bellevue could result in the addition of 4,400 affordable housing units in the state’s fifth largest city. The median home price there is around $1.5 million. Bellevue’s initiative to reduce its affordable housing gap enables faith-based organizations in single family…
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