URGENT UPDATE: Washington Governor Bob Ferguson has just announced a groundbreaking $244 million supplemental budget aimed at tackling the state’s housing crisis, which includes a significant allocation for flood relief efforts. This historic investment underscores the urgent need for affordable housing in the wake of devastating floods affecting thousands of residents across the state.
Ferguson stated, “The need for more affordable housing is urgent. These historic investments will not only help respond to Washington’s housing affordability crisis — they help build a foundation of safety, security, and opportunity for thousands of Washingtonians.” As parts of the state remain submerged, the governor emphasized the necessity of immediate action.
The proposed budget includes $81 million designated to develop approximately 2,000 new affordable rental units and $55 million for the rehabilitation of homes damaged by recent flooding. “We consider this funding to be really a bridge while we pursue federal relief from this historic crisis,” Ferguson added, highlighting the ongoing need for immediate assistance.
Ferguson’s proposal builds on significant commitments made in the final budget earlier this year. In addition to flood relief, the supplemental budget features $73 million for the Homeownership Program, aimed at creating 664 units for first-time homebuyers, addressing the critical need for accessible housing options.
As Ferguson stated, “My philosophy is, you’ve got a crisis, act like it’s a crisis.” He advocates for the creation of a separate agency dedicated exclusively to housing issues, emphasizing that focused efforts are essential in overcoming the current challenges.
With the situation in Washington evolving rapidly, authorities continue to assess the extent of damage caused by the flooding and the immediate needs of displaced residents. Ferguson’s administration is actively seeking federal assistance as over 100,000 residents face evacuation orders due to extreme weather conditions.
As reports of widespread devastation come in, including homes completely submerged, Ferguson’s announcement comes as a critical lifeline for communities in distress. The situation remains fluid, and residents are urged to stay informed as recovery efforts unfold.
Residents are left to wonder what comes next as Ferguson’s budget proposal moves through legislative channels. The governor is expected to push for swift approval to expedite the release of funds to those most in need.
Stay tuned for further updates on this developing story as Washington confronts both the housing crisis and the aftermath of recent catastrophic flooding. This is a pivotal moment for the state, and the implications of Ferguson’s proposal will be felt for months to come.
