Applications are now open for a new affordable homeownership opportunity in Wenatchee as the Common Ground Community Housing Trust begins accepting applicants for the Crail Cottages development on 9th Street in Wenatchee.
The biggest problem with the American housing market is a lack of supply, said Laurie Goodman, founder of the Housing Finance Policy Center at the Urban Institute. That is why Goodman believes build-to-rent is a boon, since these houses would have otherwise not been built. More supply — be it for rent or buying — lowers housing prices for both groups.
Washington is debating a bill that would make short-term rentals more expensive to fund affordable housing initiatives.
After a similar effort failed last session, the Legislature is once again considering a controversial bill allowing local governments to tax short-term rentals up to 4% — which would be $8 on a $200-a-night stay.
Housing projects in Wenatchee, Chelan and Winthrop will receive a piece of $54.5 million in grant money from the Washington State Department of Commerce meant to help create more than 4,500 affordable housing units statewide.
The idea of the traditional “starter home” — a modest, affordable place that helps first-time buyers build equity — is becoming increasingly difficult to find in today’s housing market, as builders and buyers confront rising costs, larger floor plans and shifting local regulations.
Courtesy: Photo by Glenov Brankovic on Unsplash
For decades, starter homes were commonly understood as smaller houses that might need renovation and were often intended as temporary stops before moving up to something larger. But that long-standing model no longer aligns with modern housing realities, where prices and home sizes have steadily climbed.
The state is launching a new campaign to better educate Mainers about accessory dwelling units, or ADUs.
Led by local builders Cole Klein and 3D-construction startup HiveASMBLD, they are creating the city’s first large-scale affordable housing community built using 3D printing. Each home is printed using a proprietary concrete blend—faster, stronger, and more efficient than traditional construction—and will sell in the mid to high $200Ks, with down payment assistance of up to $125,000 from the City of Houston.
Governor Ferguson announced $244 million in housing investments and signed an executive order to form a task force dedicated to the creation of cabinet-level housing agency
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