Seattle mayor Mike McGinn and Councilmember Nick Licata announced today that they were awarding $19.5 million in capital funding for the construction of five new apartment buildings and rehabilitation of two others that will serve the homeless families, low-income individuals, seniors and low-wage workers.
The investment will help create 302 new apartments and preserve 272 units of existing affordable housing. 157 apartments will be for low-income individuals and families, 35 apartments will be for low-income seniors and 108 apartments will be for individuals who are homeless or mentally ill.
The housing developments that will be created or renovated include:
· Compass on Dexter in South Lake Union (72 units)
· Third and Virginia in Downtown (65 units)
· The Caroline W. Apartments (45 units)
· Hirabayashi Place in International District (85 units)
· Leschi House in Leschi (35 new, 34 existing)
· Josephinum Apartments in Downtown (150 units)
· Julie Apartments at Denny Triangle (47 units)
Construction is to begin in 2013 for all buildings and projects.
· City awards $19.5 million to construct and preserve permanent affordable housing [City of Seattle]