Competition and Opportunity: Panel on Affordable Housing and Contaminated Sites in Puget Sound

Just like everyone else in today's real estate market, Puget Sound housing authorities, non-profits, and entities are looking for property in a region that has become very expensive. That has resulted in stiff competition from all purchasers – private and non-profit --for developing even contaminated sites, which only adds to the already high cost of development. Into this mix, money for affordable housing is tighter and lending requirements more conservative. Conversely, outside the Puget Sound region, contamination commonly puts property values under water, leaving key land underutilized.
However, affordable housing success stories are happening and showing that buying and redeveloping a brownfield property can lead to homes; more productive use; a cleaner environment; jobs; and retail.  On April 20 in SeaTac, Aspect’s Dave Cook and Jessica Smith join Ken Lederman and Jacquie Quarré of Foster Pepper PLLC for a panel discussion hosted by the Association of Washington Housing Authorities (AWHA). The group will cover the potential of brownfields sites for Housing Authority entities from the regulatory, legal, and environmental perspectives and present several recent affordable housing development stories, including Rainer Court and the Mt. Baker Housing Association.  
Learn more about AWHA here.