The latest news of interest to multifamily housing investors in Oregon and Washington.
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Friday, June 9, 2017
Washington County Housing Summit Addresses Development & Affordability Challenges
A housing summit held in Beaverton last week addressed housing-related issues such as increasing demand for low income housing as well as single family homes in the area. The meeting was organized by Westside Economic Alliance, which aims to encourage economic development in Washington and Clackamas counties. Jerry Johnson of Johnson Economics emphasized that increasing supply will help bring housing prices down, but Brenner Daniels of Holland Development cautioned that developments are facing headwinds such as a restricted land supply, increasing labor costs and development fees, and lengthy permitting processes. U.S. Senator Merkeley spoke at the summit, and assured attendees that he would try to protect federal affordable housing programs from proposed budget cuts. Read more.