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The Tri-City Herald reported today that Pasco was granted about $400,000 from the federal government to help with foreclosures.  Psssst – here’s the thing – it’s not really an issue.

As the city manager, Gary Crutchfield said,

It’s a good opportunity to address the relatively small problem that we have…

Pasco was the only one of the Tri-Cities to receive money from the program designed to help communities struggling with high foreclosure rates.  That’s probably because it was ranked highest among the Tri-Cities by LISC, which stands for Local Initiatives Support Corporation. They “developed scores for cities and counties based on requirements for the national program”.  Here’s the breakdown –

RICHLAND, 1.1 %

KENNEWICK  1.54%

PASCO 1.77%

Compare that to the entire state of Washington where  “1.42 percent of loans are in foreclosure, including 2.19 percent in Pierce County, 2.69 percent in Tacoma, 2.44 percent in Yakima and 1.52 percent in Spokane, according to LISC.”

So, compared to the entire state, both Pasco and Kennewick have a higher percent of foreclosures, but they’re certainly less than in other areas of Washington, and the nation (close to 3%), as well.

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Cari McGee

Hi, I'm Cari McGee. 👋 I've lived in the Tri-Cities since 1994 and I've been a licensed Realtor® since 2004. That's a lot of local knowledge and real estate experience that I put into every article you read on my website! We've helped more than 560 families buy or sell property in the Tri-Cities. In 2023, our community voted us the bronze winner for Best Real Estate Team in the Tri-Cities Best voting. Learn more about me by clicking the link right above. And if you have any questions, get in touch anytime!

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