Report Calls for 44,000 Affordable Homes in King County, WA by 2024

The King County Council in Washington state accepted a report from Regional Affordable Housing Task Force, which calls for building or preserving at least 44,000 affordable housing units by 2024, focusing on households earning up to 50 percent of the area median income. The report explains that to meet the current demand for affordable housing the county needs 156,000 more affordable homes today and an additional 88,000 by 2040. The report directs the municipalities to look at revenue authority that is already established to fund affordable housing and charts a five-year plan to build or preserve at least 44,000 affordable housing units.