The non-profit organization Upper Valley MEND (UV MEND) has made a significant increase to its affordable housing program, with the purchase of 31 rental apartments within the city of Leavenworth.
The acquisition is part of UV MEND's $6.8 million Solid Foundations Campaign, which is a community-wide initiative aimed at providing affordable workforce housing in the region...
providing safer and more affordable housing options. Renters in Wenatchee, WA may soon have some relief with a new $3 million award from the Department of Commerce to plan for increasing middle housing options
The city has been awarding an eight-year tax exemption for all new housing construction for about a decade in an effort to offset a chronic housing shortage.
The Commerce Dept. figures indicate adding at 17,000 new homes by 2044 at market-rates will not be enough to meet the local demands in Chelan and Douglas Counties. The state projects between 40 and 55 percent of the new homes that are added will need to be affordably priced for people earning under 80 percent of the area’s median income.
A bill in the Washington House is proposing the creation of a new property tax category of 4% on property valued at over $5 million.
Proponents of House Bill 1628 (HB 1628) say wealthy people who sell property valued at over $5 million can afford to pay the additional tax rate...