Space on Vancouver's Veterans Affairs campus has been picked as a location to build housing for homeless veterans. The 1.35 acre parking lot will be used to expand housing for veterans in need. The project, providing it follow the timeline of previous projects, should break ground in the next 12-18 months pending an executed lease and financing for the development and it could include permanent or transitional housing for up to 24 months. The veterans may also have the option of a rehabilitative program or be able to support veterans with families.
Spokane is the only other VA site that has been slated for the Building Utilization Review and Repurposing Initiative in the state of Washington. The VA and Department of Housing and Urban Development estimate that there are almost 2,000 homeless veterans just the state of Washington.
Overall real estate in the Ada County/Boise area was devastated in the past few years. It was hit much harder than most places in the United States due to the fact that we had such an increase in values in the early 2000s. We had further to fall than most places, since we had shot up so drastically due to the influx of population moving up from California because of our low prices. We took that nose dive in value, but it looks like we’ve had some consistency in maintaining where values are at now. We are pretty close to what 2000 numbers were, and in my opinion, Ada County prices will probably stay steady over the coming year in 2011 and probably be on the rise quicker than most places that surround us like Seattle and Portland, whose markets fell after ours did. That is just my opinion, but that is what I see happening overall in Ada County
Sr. VA Loan Specialist
One of our realtors from Portland has had success opening his own company focused on Veterans. He has been assisting Veterans in purchasing homes for some time now. The name of his company is called NW Service Realty. He has been serving Veterans in the local community and their families. We have worked with him for years and he is an unbelievable realtor, doing well over 300 transactions himself. He is a Veteran and served in the U.S. Coast Guard. We know he will be successful in this endeavor.
Sr. VA Loan Specialist