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Appendix E: Affordability and Displacement Everett Housing Action Plan E-19 Figure 15 provides a summary of the number of parcels and housing units that are indicated as being vulnerable to redevelopment. For parcels, this includes both commercial and residential parcels, while residential units are divided generally by type (e.g., single-family, multifamily apartments, other types). Additionally, these statistics are also separated between statistics for the entire city, versus areas within a 15-minute walkshed of future extensions of Sound Transit light rail. Note that while commercial parcels provide fewer parcels for redevelopment, they present larger areas available for new projects, amounting to 38% of developable area in general, and 59% within areas surrounding future light rail. Under current regulations, the greatest proportion of residential units at risk for physical displacement are largely single-family and smaller attached housing, such as townhomes and plex development. Larger multifamily projects only amount to about 9% of the total stock at risk of redevelopment, and about 4% within walkshed areas. These findings highlight two important elements with respect to future displacement across the city. First, a substantial amount of potential displacement will likely be focused on owner-occupied single- family homes. While this may present some pressures for neighborhood change, the impacts on homeowners that could receive higher proceeds from a sale are substantively different than the effects on renters. However, this also must consider that some of the households in Everett at risk for displacement may be renting single-family homes, townhomes, and plex developments. This analysis would suggest that more dense projects that would offer investors higher returns would be possible on these sites and would likely replace “naturally occurring” affordable units in depreciated housing. Because of this, work to protect against displacement and a decline in affordability should focus on mitigating the effects of projects replacing these housing types.