Affordable Housing Action Plan For Sequim

Affordable Housing Action Plan For Sequim Refinance overextended households and establish an affordable housing deferred loan or shared equity program where the eligible homeowner s house is acquired and sold back to them under terms they can afford within 30 percent of gross income devoted to housing occupancy costs

The plan being considered proposes the city use all or a combination of these Establish different taxing rates for affordable housing purposes i e freeze property values for a certain amount of time Hovee said different cities target certain areas they might want to revitalize What is affordable According to Sequim s 2019 Affordable Housing Action Plan affordable housing is defined as paying no more than 30 percent of one s gross income including utilities As of early 2019 Sequim had more than 1 700 low income apartment options according to the plan

Affordable Housing Action Plan For Sequim

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AFFORDABLE HOUSING POLICY AND ACTION PLAN
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Monday September 18 2023 1 30am News Clallam County SEQUIM The best method to promote more affordable housing development in Sequim remains a work in progress for Sequim City Council members They split on a trio of decisions a draft resolution declaring the lack of affordable housing an urgent situation an ordinance reducing parks What is affordable According to the city s 2019 Affordable Housing Action Plan affordable housing is defined as paying no more than 30 percent of one s gross income including utilities As of early 2019 Sequim has more than 1 700 low income apartment options according to the plan

City of Sequim staff invite the community to hear about a recent study about affordable housing and offer input on an action plan Skip to content Sunday October 8 2023 Housing affordability is based on the ability of a middle income family to acquire a median price home under typical market rate down payment requirements 20 and mortgage terms 30 year and interest rates assuming lending institutions will not underwrite a home loan with monthly payments that exceed 25 of the buyer s income

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By Matthew Nash August 12 2020 1 30 am In the coming months City of Sequim planning staffers will prepare suggested changes to the Sequim Municipal Code to promote development of affordable workforce housing The 0 1 sales tax to support affordable housing and related services generates about 500 000 a year in the county city officials said Councilors voted 4 3 on Sept 25 with Anderson Armacost and Ferrell opposed to the staffs pursuing an inter local agreement

There are a lot of options out there for affordable housing but now it s up to residents to help local leaders decide what is best for the future of Sequim Skip to content Wednesday April 5 2023 Affordable Housing Report PROBLEM ISSUE STATEMENT Finding ways to reduce the housing affordability gap is a City Council priority In response the City Council commissioned a housing study as the first step towards addressing the local housing affordability issue

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City plan details 11 options for affordable housing in Sequim

https://www.sequimgazette.com/news/housing-plan-details-11-options-for-affordable-options-in-sequim/
Refinance overextended households and establish an affordable housing deferred loan or shared equity program where the eligible homeowner s house is acquired and sold back to them under terms they can afford within 30 percent of gross income devoted to housing occupancy costs

AFFORDABLE HOUSING POLICY AND ACTION PLAN
Housing plan details 11 options for affordable options in Sequim

https://www.peninsuladailynews.com/news/housing-plan-details-11-options-for-affordable-options-in-sequim/
The plan being considered proposes the city use all or a combination of these Establish different taxing rates for affordable housing purposes i e freeze property values for a certain amount of time Hovee said different cities target certain areas they might want to revitalize


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Affordable Housing Action Plan For Sequim - Tuesday August 18 2020 1 30am News Clallam County SEQUIM In the coming months City of Sequim planning staffers will prepare suggested changes to the Sequim Municipal Code to promote development of affordable workforce housing