A new MBAKS report concludes that Seattle’s Mandatory Housing Affordability fees have cut townhome permit intake by about 87 percent, inflating costs, shrinking middle-housing options, and jeopardizing an estimated $775 million in future construction-related tax revenue, highlighting the urgent need to reform the policy.

Today the Master Builders Association of King and Snohomish Counties, along with additional local businesses operating in Everett and Snohomish County, filed a complaint in Snohomish County Superior Court challenging the constitutionality of Initiative 24-03.

The Master Builders Association of King and Snohomish Counties (MBAKS) was awarded two Awards of Excellence from the Executive Officers Council (EOC) of the National Association of Home Builders (NAHB).