More on Housing
WASHINGTON, D.C. – Today Reps. Denny Heck (WA-10) and Trey Hollingsworth (IN-09) introduced the bipartisan Yes In My Backyard (YIMBY) Act, H.R. 4351, in the House. The bill encourages communities to prioritize measures that will increase housing supply and affordability.
Under the bill, local governments applying for federal housing development funds through the Community Development Block Grant (CDBG) program would be required to report whether they have enacted policies to reduce counterproductive regulations that may affect affordability.
It is getting harder and harder to afford housing in the Puget Sound. Rents and home prices are leaping upward every year and they are well higher now than they were in the so-called housing bubble. Downtown Seattle is the epicenter but the effects have spread over the whole South Sound as well.