OLYMPIA, WA – The Washington State Department of Commerce recently announced $91.6 million in grants and loans for 46 affordable housing projects in communities throughout the state.
These funds will help provide an estimated 2,326 multifamily rental units/beds, and 97 new homes for first-time home buyers. Funding comes from the state’s Housing Trust Fund, and federal HOME and National Housing Trust Fund programs. Projects funded will:
- Support the creation of 897 housing units in Seattle, including 315 units for individuals experiencing homeless;
- Support the creation of more than 200 housing units throughout Spokane, Tri-Cities, and Walla Walla;
- Create 253 supportive housing units with case management services for those with chronic mental illness;
- Create 22 housing units specifically for veterans;
- Construct or preserve 508 housing units in rural parts of our state.
- Provide 97 home ownership opportunities through projects across 17 counties;
- Assist 32 individuals with developmental disabilities find safe and secure housing;
- Deliver 602 units for families with children;
- Leverage $683 million in other public, private, and charitable housing investments; and
- Represent the coordination of federal, state, and local funders with private business and charitable organizations.
“Our Housing Trust Fund provides affordable housing for thousands of our most vulnerable Washington residents,” Gov. Jay Inslee said. “These state programs are extremely effective at connecting numerous other private, local, federal and nonprofit resources in the communities they serve.”
“The Housing Trust Fund provides catalytic investments to nonprofit organizations, supporting the creation and preservation of affordable housing. Communities across the state are stronger when individuals and families have a secure place to call home,” said Commerce Director Lisa Brown.
