3003 W CASINO RD 1990 BASE FILE 2018-01-01 MF Import

Midgation rcquiremenu are based upon the general and spxific policies contained in Ordinance No. 1348-87. The genaal and specific policia are attached to this Documenc and are incorponted herein by rcfecence. The specific SEPA policies which serve as the buis for imposing midgation requiremencs are idendfied at the oucset of each midganon requirement ut forth in this Decision. A. HOUSING L jp�ctt The EIS Findings indicate that sudden signi;uant increases in population aze likely to have an impact of limi[ed duranon on housing supply and, thus, housing cosu. The result may be a reduction in the availability ot aifordable housing (increaseci demand diiving up prices, and conversion of subsidized uni[s to higher cost mazket rents) and an overload on limited hous�n¢ resources for families in nad of azsistance. The EIS notes. however, that such price increases do no[ take place in a vacuum. There are other chacacteristics or the housing market which have some bearing on the severiry of Boeing's expected impact on the housing marketplace. The EIS states that the nature of the local economy, the status of the crcdit marketplace and local housing supply are thm such facton. IC vacancy rates are high (a high pemnt of vacant rental units), then the marloetplace wiil be more capable of absorbing the impacts with less adversity. If such rates are low, then the impact would be more severe. Whethec Boeing adds populadon u a faster or slower rau than prtdicted will have some baring on the impacts. The rate of in-migrsdon for Boeing employas and the construction woricers will also affect the impact. The EIS fnds that Baeing employees wiil have the financial capabilities to find housing in the maricetplaa. The nad for azsistar►ce will be for those who are on fued incomes or low inwmcs and who are at the brink of falling below the economic waterline. These families wili be incapable of absorbing further price increases in the cost of shelter. HisWrically, the fedesal govemmenc has talcen the majority of responsibility for assisted housing. �th the retreat of the fedecal commitment, state and local governments are assuming an inccasing burden for these nceds. These are new demands over and above the nocmal governmental responsibilities of locat govemments. These demands for housing enter an arcna of fierce competition for scarce dollars. Thi� is to some degm a "zero sum game" for local official� who must choose to fund housing at the ezpense of public safety and other community nads. This matcer is particulazly cridcal given the aadiaonal burdens being piaced on local government by the state government wi[hout addidonal revenues to pay for new services. �14