Seven affordable housing projects in the South Sound received over $2 million in funding from the Washington State Department of Commerce late last month.
The department awarded a total of $9.9 million in grants and loans from Washington’s Housing Trust Fund to 23 projects statewide, according to a news release.
“Not only does our state need new units of affordable housing and additional housing in general, we need to remember that our 30-year portfolio continues to provide safe and decent housing to our most vulnerable populations,” said Diane Klontz, Department of Commerce assistant director for community services and housing. “But it is aging and in dire need of continuous reinvestment to keep the existing units online. We are working to make this program permanent so our most vulnerable residents will be able to stay in their homes.”
The recent funding will help to preserve 1,179 multifamily rental and shelter units across the state. The Department of Commerce estimates the projects will cost a total of $64 million to complete.
A notice of funding availability was issued in April after lawmakers earmarked $10 million for the Housing Trust Fund. Applicants had until the end of June to apply for the grant money. The Department of Commerce reported it received 38 applications.
The following South Sound projects received funding:
- Nike Manor, Kent (29 units) – $640,511
- Tahoma View, Parkland (50 units) – $915,000
- City Park Townhomes, Auburn (12 units) – $495,959
- One Family At A Time, Tacoma (7 units) – $395,480
- Downtown Emergency Men’s Shelter, Tacoma (60 units) – $171,404
- Jefferson Apartments, Tacoma (41 units) – $194,422
- Tyler Square Phase I, Tacoma (12 units) – $129,081
See the full list here.