City tries new financial incentives as construction completions hit just 25 percent of annual targets

Vancouver, Washington, is betting that delaying developer fee payments by nearly two years will help revive a housing market that has ground to a virtual standstill. The city council is set to approve an ordinance Monday allowing developers to defer park and traffic impact fees—typically paid at building permit issuance—until just before occupancy permits are granted.

The move represents the latest in a series of increasingly aggressive incentives aimed at spurring residential construction in a region where housing costs continue to climb. Through the first half of 2025, multifamily completions reached only one-quarter of the city’s annual production goal of 2,000 units, according to cit

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