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Methow Investment Network didn’t develop housing financing plan, Twisp commissioners hear
Summary
At the March 12 meeting, Commissioner Michael Bastian reported that the Methow Investment Network was unable to produce a long-term investment plan required to finance housing, noting the Network typically provides loans to businesses or individuals but could not move forward on a housing approach.
At the Town of Twisp Planning Commission meeting on March 12, 2025, Commissioner Michael Bastian reported that the Methow Investment Network was unable to develop a long-term investment approach to finance housing.
Bastian said he spoke with Patrick Law, identified in the meeting record as the Network's former economic lead, and was told the Network never advanced a plan to fund housing projects. According to the meeting minutes, the Network typically "invests/loans out to businesses or individuals who need capital to operate or start new businesses," and it was unable to produce the long-term investment plan that local housing finance would require.
Commissioners did not adopt any formal action or motion tied to the update during the session. The record shows the item was discussed as an informational update after Commissioner Bastian requested the addition to the agenda earlier in the meeting. No funding commitments, timelines, or follow-up assignments specific to a housing financing proposal were recorded in the minutes.
