The Savvy Investor’s Top 3
Here’s what apartment investors in Snohomish need to know this month.
SNOHOMISH PUD – UTILITY INCREASE GOES INTO EFFECT 4/1/23
In December, the PUD’s board approved the 2023 budget for the electric, generation and water systems. The PUD’s 2023 budget for the electric system includes a 2% general rate increase. The rate increase will go into effect April 1, 2023. It will address higher material costs, inflationary pressure, and supply chain challenges, while also funding investments in infrastructure and service modernization.
EVERETT CITY COUNCIL PROPOSES ORDINANCE TO EXPAND “NO SIT / NO LIE” ZONES
The City Council is scheduled make a decision at its Wednesday, May 3 meeting.
“No-sit / no-lie” zones forbid people experiencing homelessness from laying down or camping in the zone. The city already established one such multi-block zone along Smith Avenue in 2021 that includes the Everett Gospel Mission and Everett Station.
QUARTER 2 REPORT RENT & SALES REPORT
We are going to release our Q2 Rent & Sales Research Report. Click here to receive a copy of the report. You’ll be able to see where Snohomish County saw rents grow and volume of sales this last quarter along with a 12 month trend.