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Friday, March 1, 2024
March 1, 2024

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City of Vancouver remodels multifamily tax exemption

Council makes changes in effort to alleviate Vancouver’s housing crisis

By , Columbian staff writer
Published:
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Construction of The Springs Apartments is in progress along the Vancouver waterfront. Once complete, the developer will receive an eight-year exemption from property taxes on the building, which will have 180 market rate units.
Construction of The Springs Apartments is in progress along the Vancouver waterfront. Once complete, the developer will receive an eight-year exemption from property taxes on the building, which will have 180 market rate units. (Photos by ELAYNA YUSSEN for The Columbian) Photo Gallery

On a sunny Monday afternoon in early June, dozens of Vancouver residents attended a city council forum to hear about housing issues and share their thoughts regarding the city’s housing crisis.

The main takeaway: Housing in Vancouver has not kept up with population growth, and the city is interested in hearing any suggestions to help restore the balance between supply and demand.

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Columbian staff writer