King County’s lack of housing challenges the City’s Growth Management Act

Below is a repost on an interesting article from the King County REALTORS Association that touches on the fact that the King County's Growth Management Act is approaching its 25th anniversary, which brings areas of celebration as well as room for reflection and great imporvement. Read the insightful letter from Realtor Tyler McKenzie below.

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~One of the reasons more homes aren’t available to working families, or to REALTORS®, is that the state’s Growth Management Act (GMA) artificially limits the number of homes that can be built to far less than the number required to satisfy the Actual Market Demand for Housing, especially here in King County.

As the economy recovers and new jobs are created here in King County, the need for new inventory will continue to grow. We’ve reached out to County officials and staff to share some well thought-out ideas for changes to GMA that could help solve this problem. We’re pleased at the reception we’ve received thus far, especially from King County Executive Dow Constantine, Deputy Executive Fred Jarrett, and Regional Planning Director Lauren Smith.

Quality of Life begins with a good job in a company that has a great future…and a home is where that jobs goes at night. At the Association of REALTORS®, we’re working hard to ensure Brokers will have the inventory available that you need to be successful, and that your buyers and their families will have access to the Quality of Life we all treasure.

Read our proposal here: (Letter dated February 18, 2015 – pdf)  http://www.nwrealtor.com/wp-content/uploads/2015/02/2015.02.18_McKenzie_KC-GMALttr.pdf

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I'd love to hear what you think about the development in and around King County! Either comment below or call me and we can talk more about it!