The 2022 inaugural SKHHP Housing Capital Fund intends to award a total of $1,393,308 towards the development of new, affordable housing in South King County.
 Habitat for Humanity has applied for funding to support Phase I of their 40 affordable condominiums project. When completed, Phase I will create 20 three-bedroom, 1.5 bath townhomes for households earning an average of 50% of area median income (AMI). The land will be held in a community trust, but this project provides an opportunity for homeownership. To help in the preservation of affordability, Habitat will maintain first buy back rights if the owner chooses to sell. New households would be able to begin moving into the Phase I townhomes by the end of 2024.
Habitat for Humanity has housed hundreds of families for over the past thirty years in Seattle/King County. Their mission is to create a world where everyone has a decent place to live and seek to accomplish it by creating opportunities for affordable home ownership. |
 Mercy Housing applied for funding to support development of an 89-unit multifamily mixed income affordable rental housing project. The project will provide a mix of 1- 2- and 3-bedroom apartments, for households with mixed incomes from 0-30%, 30-50%, and up to 60% of area median income. Entering partnership with the local nonprofit Mary’s Place, this project will have 40% of units dedicated to supporting families transitioning from homelessness into housing. Another 20% of the units will be set aside to provide affordability for disabled households. Mercy Housing will provide staff support and community activities throughout the life of the project, and new households will be able to move in approximately in 2025.
Mercy Housing has provided over 5,000 households with a safe and affordable place to live across 54 properties in Washington and Idaho. Founded in the 1980’s by Sister Timothy Marie O’Roark, they continue their mission of providing quality and affordable housing for households in the PNW. |