10-28-2024 PW_CDS SS Briefings - Laserfiche WebLink

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Potential yields for growth.From the areas available for development,we will assess potential maximum yields for housing and employment uses.This will rely on standard conventions in Buildable Lands assessments,as well as additional research conducted on existing and proposed development. Estimated yields for growth.To determine final estimates of land capacity,we will provide adjusted yields based on an additional set of"market factors"to account for potential challenges in carrying out projects in the private sector.This can account for resistance of local landowners to sale and development,perceived returns and risks with certain development types and locations, and other possible issues. This work will provide the foundation for relevant policies in the Land Use and Housing Elements and wilt demonstrate whether the County has land zoned appropriately to meet identified targets. This effort wilt include internal review and review with the County to finalize assumptions made in this assessment and will also assess the impacts of potential alternatives. Proposed Deliverables: • Development of a Land Capacity Analysis memo that meets state rules. Assumptions: • Assumes one round of review and edits. • County to supply GIS and building permit data. Task 7: Housing Affordability and Availability Needs Assessment The consultant will conduct a Housing Affordability and Availability Needs Assessment for unincorporated areas.The update will incorporate new requirements in RCW 36.70A.070(2)(8) including:(i)Units for moderate,tow,very low,and extremely low-income households;and(ii) Emergency housing,emergency shelters,and permanent supportive housing.The revised statute includes provisions that the number of housing units necessaryto manage projected growth wilt be provided by the Department of Commerce. The analysis will: • Update the community demographic assessment describing population growth/characteristics(age,race/ethnicity)and household characteristics including the size, composition,and tenure(rent vs.own). • Provide updated analysis of cost burden rates(highlighting severe and tenure-based trends) and housing affordability. • Update the description of housing production over time and describe tends associated with the type/age of housing for unincorporated areas. • Update the assessment of current housing market conditions(sales prices/rents,vacancy rates)and discuss how this impacts the housing stock and the affordability of housing. • Provide population change analysis including available population forecast information to depict estimated population changes over the next few decades. 5