The Washington State Board of Natural Resources has approved a transfer of approximately a half-acre of state trust land to Pierce County for future affordable housing. The parcels in Tacoma have been zoned for residential use and will be utilized for future affordable housing.
“We continue to innovate and diversify how our lands generate revenue for education and community services,” said Commissioner of Public Lands Dave Upthegrove. “I’m excited to help Pierce County Community Development Corporation use this property to address our housing shortage.”
The parcel is valued at $200,000, and proceeds from the transfer will be deposited into the Land Bank to acquire suitable properties for trust beneficiaries. DNR generates more than $250 million annually by managing trust lands, which are required to generate revenue to support schools, colleges, and critical local services across Washington state. That revenue comes from sustainable forest management, agricultural, clean energy, and commercial real estate leases.
