Four Crescent Collaborative organizational partners received notice of funding yesterday when Mayor Jenny A. Durkan announced that the City of Seattle will invest $110 million to create 1,944 new affordable homes in neighborhoods across Seattle. This is the largest one-year investment for affordable housing in Seattle’s history.
The funds invested through the City’s Office of Housing will support the construction of thirteen new buildings in Seattle for a range of communities, including seniors, low-wage workers, families and people experiencing homelessness. Crescent Collaborative partners will build 493 of the planned units in four buildings, two in Crescent Collaborative neighborhoods and two in other areas.
A partnership of Africatown Community Land Trust and Capitol Hill Housing will build Africatown Plaza, at the corner of 23rd Ave E and E Union, with 132 affordable apartments serving residents with incomes of 60 percent of Area Median Income or below.
The Seattle-Chinatown International District PDA received funding for an apartment house on Beacon Hill serving residents at 60 percent AMI. This project will create 154 units for people at risk of displacement from North Beacon Hill and the Chinatown International District. Seattle Housing Authority received funding for the 82-unit Lambow Apartments in Delridge, for low-income families and individuals.
Capitol Hill Housing received funding for The Eldridge, a 125-unit apartment house serving LGBTQ seniors with incomes below 60 percent AMI and below 30 percent AMI.
In addition, three of the thirteen new buildings will be built in First Hill by other nonprofit housing providers.
Office of Housing Director Emily Alvarado introduced the funding announcements with these words: “Today we make an historic investment in our values to create a more affordable and equitable city, to foster inclusion, to address homelessness, to advance sustainability and to further fair housing. Today we invest in the basic human needs of our neighbors and the basic infrastructure of our city. Additional information is available on the City of Seattle Office of Housing blog.