GOVERNOR PROPOSES LEGISLATION TO ADDRESS WASHINGTON’S HOUSING CRISIS

Washington REALTORS® Invited to Speak During Conference

FOR IMMEDIATE RELEASE

GOVERNOR PROPOSES LEGISLATION TO ADDRESS WASHINGTON’S HOUSING CRISIS

Washington REALTORS® Invited to Speak During Conference

[OLYMPIA, WA] – During a Press Conference on December 15, 2022, Governor Jay Inslee introduced proposed “missing middle housing” legislation that would legalize and incentivize duplexes, triplexes, quads, and lot splits on all residential lots located within half a mile of a major transit stop in Washington’s larger cities. Washington REALTORS® were invited to speak during the Press Conference to give background and support for the mission of the proposed legislation.

Washington State is experiencing a housing crisis fueled by supply and demand. A lack of inventory in all counties within the state have caused prices to rise to the extent that homeownership is unattainable for many Washingtonians, despite Washington having the highest GDP growth of any state in the last five years. Most local zoning policies prohibit density on single-family lots, making it harder to build more housing, not easier. As communities continue to grow and more people compete for the same limited housing supply, the unaffordability crisis will only worsen.

Press Conference - Missing Middle Housing

Washington REALTOR® Jasmyn Jefferson of the Tacoma-Pierce County Association of REALTORS® spoke during the press conference to emphasize the impacts of the housing crisis, including homeownership disparities for communities of color. "Homeownership is the single most important way for families to build wealth, and to truly achieve equity in Washington State we must ensure that all families have the opportunity for homeownership."

Washington REALTORS 2021 President expressed that “We appreciate Governor Inslee’s leadership in proposing legislation that will increase housing supply throughout Washington State. Allowing additional housing types that are affordable for first-time homebuyers and that fit within existing neighborhoods will be critical to addressing our state’s housing supply and affordability housing crisis.”  

Washington REALTORS® look forward to healthy discussion on this legislation and will continue to work with the Governor on addressing Washington’s housing crisis.

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For more information or interviews, please contact Cara McNeil, Communications Manager at 360.943.3100 or cara.mcneil@warealtor.org.

Washington REALTORS® advocates on behalf of REALTORS® and their clients and provides services to help members prosper. REALTOR® is a federally registered collective membership mark which identifies a real estate professional who is a member of the NATIONAL ASSOCIATION OF REALTORS® and subscribes to its strict Code of Ethics.

 

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