State Funds LIHI for 161 New PSH Units! Friendship Heights Village starts with Demolition

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A look at the three Properties LIHI will
purchase for permanent supportive housing
All projects are substantially complete and can be occupied in months
225 Harvard Ave E.
  • Units: 71 Studios
  • Property Type: Turnkey- closing after C of O.
  • Closing: October 2021
  • Location: Capitol Hill, Seattle
  • Population Target: Homeless households
  • Long Term Owner: LIHI
  • Financing: Washington Department of Commerce Rapid Capital Housing Acquisition Program, Seattle Office of Housing Rapid Acquisition Program.
420 Boylston Ave E.
  • Units: 60 Studios
  • Property Type: Turnkey- closing after C of O.
  • Closing: October 2021
  • Location: Capitol Hill, Seattle
  • Population Target: Homeless households.
  • Long Term Owner: LIHI
  • Financing: Commerce Rapid Capital Acquisition Program, Seattle OH Rapid Acquisition Program
506 10th Ave E.
  • Units: 36 Studios
  • Property Type: Turnkey- closing after C of O.
  • Closing: October 2021
  • Location: Capitol Hill, Seattle
  • Population Target: Homeless Young Adults
  • Long Term Owner: LIHI
  • Partner: YouthCare
  • Financing: Commerce Rapid Capital Acquisition Program, Seattle OH Rapid Acquisition Program
The $25 million State Commerce award to LIHI was matched with $25 million from the Seattle Office of Housing to quickly acquire new buildings as permanent supportive housing for homeless singles, couples and young adults. The State award is part of a larger announcement from the Washington State Department of Commerce.

OLYMPIA, WA — The Washington State Department of Commerce today announced $39.1 million in grants to five projects that will help address the state’s homeless crisis by acquiring 307 housing units that will quickly be available to serve people with extremely low incomes or who are experiencing homelessness.

Grant recipients are:

· City of Vancouver Housing Authority – $5.1 million to provide 62 shelter units at Bertha’s Place in Clark County.
· King County – $8.9 million to provide 84 shelter units in the Federal Way Red Lion Inn.
· Low Income Housing Institute – Three projects located in King County:
o  $10.89 million for 69 permanent supportive housing units at the 225 Harvard Apartments
o  $8.39 million for 58 permanent supportive housing units at the Boylston Apartments
o  $5.76 million for 34 permanent supportive housing units at the 506 10th Apartments

 

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OLYMPIA, WA —Sen. David Frockt (D-Seattle), Vice Chair for the Capital Budget on the Senate Ways & Means Committee and lead sponsor of the budget’s new Rapid Housing Fund, commented:

“The goal of this fund was for the state to partner with local governments, non-profits and the private sector more aggressively to make more units available rapidly – not in three or four years but within months. I am pleased that this initial round appears to be moving toward that goal. I think there are likely to be more units rapidly developed in Seattle and King County in upcoming rounds of funding.

Read full press release from Sen. Frockt.

 

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Sharon Lee, executive director of the Low Income Housing Institute, said:

“The downturn in the real estate market due to the pandemic made it possible for three newly constructed apartment buildings to be purchased as permanent supportive housing for vulnerable homeless people. Thanks to the $25 million from the State’s Rapid Capital Housing Acquisition program and $25 million from the City of Seattle’s Office of Housing, for a total of $50 million, LIHI will soon move in 180 people currently living on the street, in shelters or tiny houses into studio apartments. We appreciate the leadership from Governor Inslee and the Legislature in innovating the State’s new program to address homelessness.”

 

Demolition of Vacant Black Angus Motel
Makes Way for Friendship Heights Village

Demolition of the old Black Angus Motel is underway to make room for Friendship Heights Village. Located at 12245 Aurora Ave N., the village will be approximately 20,400 square feet and will feature 40 tiny houses that will serve up to 55 people. LIHI is partnering with North Seattle’s Epic Life Church as the village sponsor. Permanent affordable housing will eventually be built on the site.

By the end of this year, LIHI will add 140 new tiny houses in King County:
Skyway Village: 34 tiny houses, opened June
Rosie’s Village in U District: 36 tiny houses, open house September 28 (details to come)
Interbay Village expansion: 30 tiny houses, opening November
Friendship Heights Village: 40 tiny houses, opening November