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City of Vancouver reports slowdown in new construction but allocates $12M for affordable housing; rental registration enrollment strong
Summary
City of Vancouver staff told the board that completed housing units declined (about half of the city’s goal) due to inflation and financing challenges; the city awarded over $12 million in affordable housing support and is finalizing CDBG/HOME recommendations and a rental-registration rollout with a free registration period ending this month.
City of Vancouver staff briefed the Clark County Community Action Board on March 23 about housing production, rental registration and CDBG/HOME funding recommendations.
Samantha Woodland (City of Vancouver) said the city saw fewer completed new units last year—about half of the annual goal—and attributed the slowdown to inflation, tariffs and higher interest rates that hamper development financing. At the same time, Woodland noted the city…
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