clock menu more-arrow no yes mobile

Filed under:

City announces $100 million in affordable housing funding

Including two affordable homeownership projects


The Seattle Office of Housing announced $100 million in affordable housing investments on Monday, including both long-term rental houses and affordable homeownership opportunities. That’s about double the Office of Housing’s investment last year.

The funds will go toward 896 new rental homes in nine buildings, plus 25 affordable homeownership opportunities in two different projects. 535 existing apartments in four buildings will be upgraded and preserved.

Mayor Jenny Durkan and newly elected city councilmember Teresa Mosqueda, and Office of Housing director Steve Walker announced the funding outside the community center run by Filipino Community of Seattle in the Rainier Valley, one of the funding recipients.

Filipino Community of Seattle will be building Filipino Community Village, 94 apartments for low-income seniors at 30, 50, and 60 percent area median income. Project co-chair and former state legislator Velma Veloria called the funding the “best Christmas gift in our 83 years of history.”

The largest rental project to receive funding is a transit-oriented development near the upcoming Roosevelt light rail station built by Mercy Housing Northwest and Bellwether Housing with 245 apartments, plus retail space and a daycare below. Those homes will range from one to three bedrooms and be affordable to people from 30 to 60 percent area median income.

Other projects include wraparound services, like 85 units of permanent supportive housing run by Downtown Emergency Service Center in the Rainier Valley, a re-entry facility run by Pioneer Human Services on Belmont Avenue, and Plymouth Housing Group’s upcoming supportive housing project in Little Saigon at the former site of Linc’s Tackle.

Two homeownership projects will also be funded, aimed at first-time, low-income buyers. One, a Habitat for Humanity project in Lake City, will build 16 homes for people making around 60 percent area median income. The other, a Homestead Community Land Trust nine-townhouse complex in the Central Area, will serve those making 80 percent area median income.

The Office of Housing funding came from the first year of the 2016 housing levy, incentive zoning payments from developers, sale of surplus properties, and $29 million in bonds approved last year by the Seattle City Council.

“I think at this moment in time we have to look at every [funding] tool we have,” said Durkan at the announcement.

“[Bonding] has its own complications and we can’t go to that well too many times,” she added, because we need to have revenue to pay off the bonds. But Durkan said we need to “look at all resources the city has to make sure we are moving as quickly as we can.”

“This is absolutely the wisest investment that the city of Seattle can do,” said Mosqueda, who wasn’t in office when the bonds were approved but will head the city council’s new Housing, Health, Energy, and Workers’ Rights Committee. “We save lives, we save money, and we are investing in the future.”

The full list of investments, courtesy of the City of Seattle, is below.

New city investments in affordable housing

Project name and applicant Population served Number of homes Incomes served Neighborhood Investment type
Project name and applicant Population served Number of homes Incomes served Neighborhood Investment type
Sound Transit Roosevelt TOD RFP Bellwether/Mercy Housing NW Low-Income Families and Individuals 245 30%, 50%, 60% AMI Roosevelt New rental housing
Judkins Junction Community House Low-Income Families and Individuals 74 60% AMI Central Area New rental housing
22nd Ave Permanent Supportive Housing Downtown Emergency Service Center Chronically Mentally Ill & Homeless Individuals 85 30% AMI North Rainier New rental housing
Filipino Community Village HumanGood/Filipino Community of Seattle Low-Income Seniors 94 30%, 50%, 60% AMI Rainier Valley New rental housing
Uncle Bob’s Place InterIm CDA Low-Income Families and Individuals 104 60% AMI Chinatown/ Intl. District New rental housing
Mt. Baker Family Housing Mercy Housing NW Homeless & Low-Income Families and Individuals 95 30%, 50%, 60% AMI Mt. Baker New rental housing
Belmont Avenue Pioneer Human Services Low Income Individuals – Re-entry 89 30%, 50%, 60% AMI Capitol Hill New rental housing
501 Rainier Permanent Supportive Housing Plymouth Housing Group Chronically Mentally Ill & Homeless Individuals 102 30% AMI Little Saigon New rental housing
Eng House Plymouth Healing Communities Chronically Mentally Ill & Homeless Individuals 8 30% AMI Beacon Hill New rental housing
DNDA Portfolio Delridge Neighborhoods Development Association Low-Income Families and Individuals 70 30%, 50%, 60% 80% AMI Delridge Preserved/upgraded rental housing
Morrison Hotel Downtown Emergency Service Center Chronically Mentally Ill & Homeless Individuals 190 30% AMI Downtown Preserved/upgraded rental housing
The Frye Low Income Housing Institute Homeless and Low-Income Families and Individuals 234 30%, 50% AMI Downtown Preserved/upgraded rental housing
Martin Court Low Income Housing Institute Homeless Couples and Individuals 41 30% AMI Georgetown Preserved/upgraded rental housing
Habitat 35th @ Lake City Habitat for Humanity 16 60% AMI Lake City Homeownership
Yakima Ave Townhomes** Homestead Community Land Trust/Edge Developers 9 80% AMI Central Area Homeownership
City of Seattle