Skip to main content

Housing Emergency Declared in Washington State Metro

Apr 13, 2016
For the second time this month, a U.S. city has declared a local housing emergency in order to force new initiatives to stop the evaporation of affordable housing opportunities

For the second time this month, a U.S. city has declared a local housing emergency in order to force new initiatives to stop the evaporation of affordable housing opportunities.

According to a KOIN.com report, the city council in Vancouver, Wash., voted to declare a housing emergency for local low-income households. Vancouver is the fourth largest city in Washington, and the council’s vote is seen as the first step in a process that will bring about a ballot referendum for a new affordable housing property tax.

Mayor Tim Leavitt supported the initiative and noted the city’s rent levels increased 11 percent in the past year and 38 percent in the past four years. The mayor also acknowledged Vancouver’s struggles in dealing with a homeless population.

“The challenge is … how do we address this issue as a community,” Leavitt said.

The Vancouver declaration is the second time this month that a city council voted to declare a housing emergency. Last week, the city council in Oakland, Calif., declared a local housing emergency and a 90-day moratorium on certain rent increases.

About the author
Published
Apr 13, 2016
CoreLogic Chief Economist On Witnessing The Insurance Crisis Firsthand

"I could have lost all my equity,” says Selma Hepp, who lives and works on the frontline of housing's biggest challenge in 2025

Jan 20, 2025
Bill Pulte Trump’s Pick For FHFA Director

The founder and CEO of private equity firm, Pulte Capital Partners, LLC, will oversee plans to end GSE conservatorship

Jan 17, 2025
How To Help Borrowers Spot Red Flags Of Mortgage Fraud

Nine years after a foreclosure relief scam unfolded, the FTC is releasing seized funds. Lessons for LOs abound in how it all went down.

L.A. Wildfires Worsen California Insurance Crisis

Home insurers nowhere to be found during "one of the worst wildfire incidents on record”

Jan 13, 2025
FHFA Director Sandra Thompson To Resign On Eve Of Trump Inauguration

Thompson’s departure clears the way for Trump appointee to take over

Jan 10, 2025
CFPB Accuses Experian Of 'Sham' Consumer Dispute Investigations

The alleged conduct results in errors remaining on consumer reports, and errors being reinserted even after resolution

Jan 07, 2025