Capital Fund Awardees

The 2024 SKHHP Housing Capital Fund intends to award a total of $4,100,000 towards the development and preservation of affordable housing in South King County.

 

Mercy Housing NW Burien Family Housing is a new 91-unit affordable rental community near high-frequency transit in Burien, WA. This project will serve households earning between 30% and 60% of the Area Median Income (AMI), prioritizing families with children, including 34 units set aside for families exiting homelessness and 18 units for households with physical disabilities. The development, built on a 4.23-acre site formerly occupied by Mary's Place, will include a mix of one-, two---, three---, and four-bedroom units, with 52% of the units designed for families. SKHHP had previously awarded the project $1,093,308 in 2022. SKHHP funds for 2024 were requested for $2,000,000, and $2,000,000 was awarded.

 

TWG Pandion at Star Lake is a 251-unit mixed-use development in Kent, WA, adjacent to the Kent/Star Lake Link Light Rail station. This transit-oriented development (TOD) will offer a mix of studio, one-, two-, and three-bedroom affordable housing units to households earning between 30% and 80% AMI. The project will also include ground-floor commercial space featuring a K-12 learning center operated by the Renton-based STEM Paths Innovation Network (SPIN). The development is a six-story building with five stories of residential units and one story of commercial space, plus basement-level parking. Additionally, the project will provide supportive services to 29 units for families with children at risk of homelessness supported by Vision House. SKHHP had previously awarded the project $1,170,000 in 2023. SKHHP funds for 2024 were requested for $2,000,000, and $770,000 was awarded.

 

Multi-Service Center (MSC) The White River Apartments is a 24-unit affordable housing community in Auburn, WA, built in 1978 and owned by the nonprofit Multi-Service Center since 2000. The project comprises 24 two-bedroom, one-bathroom units, currently serving households earning between 30% and 80% AMI. With SKHHP funding, the project aims to rehabilitate the 24 units, including siding replacement, site lighting improvements, hot water tank replacements, and exterior door replacements. This project is conveniently located near public transportation, schools, parks, and grocery stores. SKHHP funds for 2024 were requested for $975,939, and $775,000 was awarded.

 

Habitat for Humanity Seattle-King & Kittitas County Burien Miller Creek is a 40-unit homeownership project in Burien, WA, offering three- and four-bedroom homes to households earning between 50% and 80% AMI. The project is currently under construction and will provide affordable homeownership opportunities for low- and moderate-income families in the area. To ensure long-term affordability, Habitat for Humanity will utilize a ground lease model, limiting resale prices and maintaining affordability for future generations. SKHHP had previously awarded the project $300,000 in 2022. SKHHP funds for 2024 were requested for $1,300,000, and $555,000 was awarded.