The state insurance commissioner’s office says companies are reducing their risk in certain areas of the state by not renewing the policies on some homes, likely due to fire risk. The agency is also collecting data on how many policies insurers are not renewing to get a better picture of the market and potential government intervention.
Officials with the Associated General Contractors say the Trump administration’s recent executive order to freeze funding to federal infrastructure projects could stall the construction industry’s growth.
Bills to allow backyard cottages in new areas, to expand where developers can receive tax breaks for building apartments and to let property owners split their plots are all making their way through the legislative process.
Two of Gov. Bob Ferguson’s first three executive orders are focused on streamlining housing construction regulations and cutting times for permitting and licensing.
The company’s goal is to develop a nuclear supply chain campus with its own manufacturing facility as the anchor. That facility would come through a $3 billion investment while creating 1,000 direct jobs and another 3,000 that would support them.
Company originally planned to sell the entire development to an investor but was unable to secure financing. That led to decision to sell each of the duplexes individually.
