Two local affordable housing projects received a combined $9.7 million from the state’s Housing Trust Fund.
Opportunity Council netted $5 million for its senior housing project near Bellis Fair mall, while Community Action of Skagit County received $4.72 million for its Kulshan View project in Mount Vernon, the Department of Commerce announced Thursday, Jan. 16.
The Bellis Fair project is a combined affordable housing and child care project, anticipated to cost $60 million. In total, the project will provide between 110 and 120 affordable rental units for families and seniors, and a child care center for around 100 kids. This new grant will go toward 64 units of senior housing.
In Skagit, the Kulshan View project will provide 48 units for families at risk of homelessness on a property next to LaVenture Middle School, according to the Skagit Valley Herald. This grant will help fund the first phase of 23 low-income units.
The 22 state and five federal awards announced on Jan. 16 will result in 1,282 units of new affordable housing statewide. The state’s Housing Trust Fund has invested $2 billion in capital funding since 1986 to build or preserve affordable housing units.
Charlotte Alden is CDN’s general assignment/enterprise reporter; reach her at charlottealden@cascadiadaily.com; 360-922-3090 ext. 123.
