In a decisive move to combat the ongoing housing affordability crisis, the Washington State Board of Natural Resources has granted unanimous approval for the transfer of a half-acre parcel of state trust land to Pierce County. This move, which was solidified during their October 7th meeting, is geared towards making headway in the creation of affordable housing within the Tacoma region. Notably, the parceled land, currently valued at $200,000, is zoned for residential use, with the potential to support the construction of up to 24 homes designed to be accessible to working families.
Highlighting the significance of this initiative was Commissioner of Public Lands Dave Upthegrove, who emphasized the role of public lands in serving the community, particularly through their transition to various uses. "We continue to innovate and diversify, how our lands generate revenue for education and community services. I believe public lands should serve a variety of public benefits, especially as they transition to other uses. I’m excited to help Pierce County Community Development Corporation use this property to address our housing shortage," he stated in a sentiment echoed by public officials.
Further endorsing the productive collaboration between the Department of Natural Resources (DNR) and local administrations was Pierce County Executive Ryan Mello. In a discussion about the partnership, Mello said, "This land transfer marks another important milestone in our continued partnership with DNR.” He drew attention to the strategic use of underutilized public land, adding, “The property is zoned to allow for higher densities and supports up to 24 homes, making this more than a piece of land—it’s an opportunity to provide homes that working families in Pierce County can afford."
The financial implications of this transaction are clear-cut: proceeds from the transfer will replenish the Land Bank's reserves, enabling the acquisition of suitable properties for the state's trust beneficiaries. Traditionally, the DNR has been a significant revenue generator for Washington state, bringing in upwards of $250 million annually from the management of trust lands, including sustainable forest management and clean energy projects. These funds play a critical role in supporting schools and local services within the community. Moreover, DNR holds the authority to directly transfer state trust lands to a diverse range of entities, such as Tribes and local governments, with the possibility for more entities, like counties, to purchase these lands at fair market value, ensuring a cycle that sustains educational and community funding.
As the eyes of the region and those impacted by the housing crisis keenly watch this development, the Pierce County Community Development Corporation will be at the forefront of transforming this parcel into a burgeoning residential community. With zoning provisions in place to support increased densities, the hope is that this half-acre will soon transform into a beacon of affordable housing for Pierce County's working families. For more detailed information on this story, readers can visit the Pierce County website here.
