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Housing plan faces fierce criticism over feasibility and costs

September 03, 2024 | Kirkland, King County, Washington


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Housing plan faces fierce criticism over feasibility and costs
During a recent government meeting, concerns were raised regarding the ambitious housing and land use proposals currently under consideration. A participant highlighted that the housing element presented appears to be more of a \"wish list\" rather than a concrete plan, lacking specific strategies for implementation.

The discussion centered on a proposed rezoning initiative that aims to rezone approximately 3,000 acres, potentially allowing for the construction of up to 90,000 housing units. This unprecedented scale of upzoning has never been attempted by any community before, raising questions about its feasibility and potential impact on the local housing market.

Critics of the plan, drawing from experiences in Palo Alto, expressed skepticism about the ability to create affordable housing through market-driven approaches. They pointed out that the high costs associated with construction—estimated at $400 to $500 per square foot—and exorbitant land prices, exceeding $2 million per acre, would likely hinder efforts to provide housing for moderate and low-income residents. The minimum projected cost for a 1,500 square foot home is estimated to be around $1 million, setting a challenging baseline for affordability.

The meeting underscored the complexities and potential long-term challenges of the proposed housing strategy, prompting calls for a more realistic and actionable plan to address the community's housing needs.

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