Washington

The Washington State Affordable Housing Advisory Board recently released a “Housing Advisory Plan” to address what it describes as an “urgent crisis” of needed affordable housing options in the state. According to the plan, there is only one affordable housing unit available for every five households in need (for those at or below 50-percent of median family income (MFI)). To illustrate the scope of the problem, the plan notes that in 2023, there were 453,423 renter households in the 0-50% MFI bracket and a supply of only 155,214 subsidized units. Drawing on the additional need in higher MFI brackets and the expected population growth, the plan’s authors claim that Washington “needs to add more than a million new homes” in Read More ›