A Vancouver-based actual property developer has proposed a 37-lot single-family housing improvement simply south of Northeast 88th Road in Northeast Hazel Dell.
County planning paperwork present Provision Group proposed the Hidden Pine Compact Subdivision on a 3.57-acre website west of Northeast St. Johns Street, north of Northeast 78th Road and east of Northeast Freeway 99. Tons would vary from 2,800 sq. toes to 4,600 sq. toes.
Whereas Hidden Pine would add to the county’s housing inventory, constructing has dropped general.
Prior to now 12 months, Clark County accepted about 900 heaps for improvement in unincorporated areas. That’s a decline from three years in the past when development was booming. About 1,500 heaps have been accepted throughout the identical interval in 2021.
The Clark County Council opened about 2,100 acres to new residential improvement within the Interstate 5-Northeast 179th Road space in 2019. A county spokeswoman mentioned this seemingly influenced the variety of heaps accepted for improvement within the following months.
However greater rates of interest and inflation have squeezed builders ever since, hindering the homebuilding trade.
“It is a very challenging environment to get new development projects underwritten and approved,” Phil Wuest, president and chief improvement officer at Vancouver developer Ginn Group, instructed the Columbian in November 2023.
Alaina Robertson, Portland division president of Arizona-based Taylor Morrison development firm, mentioned final month rates of interest are nonetheless having an affect on the trade, particularly residential initiatives.
The state initiatives Clark County must construct 100,000 extra houses, residences or different dwellings within the subsequent 20 years to fulfill demand.
The county council accepted a Housing Choices Research and Motion Plan earlier this yr, which allowed improvement on smaller heaps than beforehand allowed to assist increase the world’s reasonably priced housing provide.