The Tacoma Housing Authority and CWD Investments are partnering to provide 62 units to house homeless Tacoma Community College students. The units are in the Highland Flats apartment building, formerly known as Tiki Apartments.
THA and TCC’s College Assistance Program provides rental assistance to TCC college students who are homeless or near homeless. It’s the first model of its kind in the U.S., according to CWD Investments. The program was named as one of the top 25 most innovative government initiatives in 2018 by Harvard’s Kennedy School.
The partnership uses a THA rental subsidy in the amount of $560,000 per year for the property.
Vacancies not taken by college students will be made available to others making less than 30 percent of the area’s median income.
In addition, CWD Investments plans to renovate the property to make it safer and more attractive.
“The Highland Flats apartments are particularly valuable because rents in West Tacoma continue to rise above what is affordable to TCC students even with THA’s CHAP rental assistance,” said Michael Mirra, THA Executive Director. “This partnership is an excellent investment in these striving but struggling students. A TCC degree is a key to their adult prosperity. And since most of them are parents, CHAP is also an investment in the lives and prospects of their children. That makes this partnership a very good use of scarce THA housing dollars.”