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Introduction Everett Housing Action Plan 5 <br /> <br />Regional Plan VISION 2050 <br />The Puget Sound Regional Council (PSRC) adopted the updated Regional Growth Strategy in VISION <br />2050 including the regional housing program to support the Growth Strategy. VISION 2050 places <br />emphasis on affordable housing and equity issues. This plan influences future updates to the <br />Countywide Planning Policies and the City’s Comprehensive Plan housing element. In 2021, PSRC began <br />developing a regionwide Housing Strategy expected to support local efforts and actions. <br />Everett Comprehensive Plan <br />The City’s Comprehensive Plan governs land use and housing policy as required by the Growth <br />Management Act (GMA). Housing is a mandatory plan element to ensuring the vitality and character of <br />established residential neighborhoods. The element includes: <br /> an inventory and analysis of existing and projected housing needs that identifies the number of <br />housing units necessary to manage projected growth; <br /> a statement of goals, policies, objectives, and mandatory provisions for the preservation, <br />improvement, and development of housing, including single-family residences; <br /> identifies sufficient land for housing, including, but not limited to, government-assisted housing, <br />housing for low-income families, manufactured housing, multifamily housing, and group homes <br />and foster care facilities; and <br /> makes adequate provisions for existing and projected needs of all economic segments of the <br />community. <br /> E2SHB 1220 passed by the legislature in May 2021 updated GMA Comprehensive Plan <br />requirements related to the Housing Element and identification of projected housing needs <br />affordable to all economic segments of the population. <br />In addition to the requirement elements, the City adopted an Economic Development Element that <br />contains goals, policies, and objectives related to housing that directly support the economic vitality of <br />the Everett community. <br />Rethink Zoning <br />Rethink Zoning was multi-year initiative to update and simplify the City’s zoning code. The previous <br />version of the City’s zoning code was adopted in 1989. The world and Everett have changed <br />significantly since that time. The code was streamlined by consolidating zones and updating regulations <br />building on the success of the Metro Everett Plan. Due to COVID-19, plans to consolidate single-family <br />zones and introduce new housing types into those zones was put on hold. That work is continuing in <br />the Rethink Housing initiative. <br />Funding and finance resources <br />Government has limited resources to support affordable housing production. Several layers of housing <br />policies, regulations, restrictions, and funding are provided at various government levels. The City <br />administers federal Community Development Block Grants received through Housing and Urban