While we still need to wait to see the results from the primary election mail-in ballots, the real estate transfer tax referendum is on track to be defeated.
We agree with Mayor Johnson that homelessness in our city is a serious issue that needs to be addressed and we do not believe that an increase in the transfer tax is the way to solve it. As REALTORS®, we would like to work with Mayor Johnson’s administration to develop a comprehensive plan that addresses this important issue of housing affordability and stability.
We believe there is a lack of affordable/middle-income housing, lack of inventory, low construction starts, high building costs, bureaucracy in zoning and hurdles to development that should be simplified to encourage investment.
Click here for a summary of the issue and more information.