Is there affordable housing in Wenatchee?
I attended last night’s affordable housing symposium at the Convention Center and took notes on what was either a motivating or depressing presentation, depending on how you look at it.
On one hand there appears to be a pretty large need for rental housing here in Wenatchee. In case you’re curious, it took me six weeks to find a rental unit in Wenatchee when I moved here one year ago.
From the presentation, given by David Paul Rosen and Associates, it also appears that there is a need for housing in general and programs that help renters transition into owners.
On the plus side there were some potential solutions offered up. Some suggestions included general obligation bonds, property tax levies, real estate excise taxes and imposing impact fees on new developments.
Many in the audience, including three councilmembers, a county commissioner and members from the rental association, seemed charged up and motivated to take action after the presentation.
Looking for ways to provide housing is an issue every community faces and it looks like the Wenatchee City Council will have some tough decisions to make on this issue in the future.
The full report and presentation from Thursday night will be made available on the city’s Web site later today. World reporter Christine Pratt will be working on a story about the report soon.
Until then here are some numbers from my notes:
• The median home sale price in Wenatchee in 2007 was $240,000
• The median home sale price in Wenatchee in February of 2008 was $248,000
• The average rent in Wenatchee in 2007 was $661, a 7.9 percent increase from 2000
• The number of housing units in Wenatchee increased by 10.7 percent between 2000 and 2007
• Wenatchee’s population increased 8.7 percent between 2000 and 2007
• The median family income in Wenatchee is $57,000, the median income in the state is $66,000
• The city’s Urban Growth Area is projected to need 8,735 new housing units by 2025 to accommodate expected population growth, 3,350 of those units need to be rentals
• 72 percent of housing units in Wenatchee were at least 28 years old in 2000
• 78 percent of the owner-occupied units were at least 28 years old in 2000
• 88 percent of renter-occupied units were at least 28 years old in 2000


1 Comment
