By The Herald Editorial Board

The Legislature's $43.7 billion two-year budget—which took negotiations within hours of a partial state government shutdown—is signed, but some lawmakers haven't had quite enough brinkmanship for the year.

Now the state's $4 billion capital budget, which provides the funding for construction of public schools, colleges, universities, community and youth facilities, parks, environmental projects, and more, is being held up by the Republican-controlled Senate until lawmakers can resolve a disagreement over water rights for private development.

This year’s housing solutions breakfast highlighted local permitting changes to make home happen now. We’re thankful to have hosted Senator Mullet as our keynote speaker and a panel of local leaders including North Bend Mayor Rob McFarland,  Auburn Director of Community Development Jeff Tate, and Mill Creek Mayor Brian Holtzclaw, moderated by Snohomish County Executive Director Ken Klein.

The discussion focused on the important role a timely, predictable and fair permitting review process plays in our region’s ability to respond to the housing crisis. In recognition of its importance, on May 8, 2023 Governor Inslee signed into law  Senate Bill 5290 (sponsored by Sen. Mullet) aimed to reduce permit review timelines and facilitate swifter, more predictable construction. This new law will streamline the permit review process by requiring local governments to adopt and report timelines. To help jurisdictions comply, it also established grant programs and permit processing enhancements. This address historically slow permit processes that have elevated housing costs.

MBAKS is ready to serve as a resource with tools and best practices jurisdictions can implement now to comply with the new requirements.  The Housing Toolkit is intended to serve as a guide for local governments, listing specific code updates and process improvements jurisdictions can take to help provide more diverse, affordable housing. As an additional resource specific to SB 5290, MBAKS developed an overview of requirements and best practices to consider when implementing.

By MBAKS Senior Policy Analyst Allison Butcher

Statistics from the Northwest Multiple Listing Service, highlighted in the October Builder’s Bulletin, show an increasing supply of homes for sale in the month of August. King County had 1.92 months’ supply of inventory, up from 0.93 months’ supply a year ago. Snohomish County had 1.70 months of inventory, up from 1.11 a year ago. This increase in supply, while still low, has moderated price increases.

The Builders' Bulletin is intended to provide a convenient way to track housing in our market and includes information from the Northwest Multiple Listing Service, State of the Cities Data Systems, Office of Financial Management and the Washington State Employment Security Department.

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