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March 21, 2017

Seattle gets $46M for affordable units

SEATTLE — The Washington State Housing Commission has approved a total of $253.1 million to build or preserve more than 1,000 affordable apartments in Western Washington.

The funds are a combination of tax-exempt bonds and notes, and low-income housing tax credits.

Six projects were approved for funding.

The Inland Group of Spokane received $46.2 million for the Thai Binh apartments at 913 S. Jackson St. in Seattle's Chinatown-International District. The developer will build a six-story, 249-unit building for people earning less than 60 percent of area median income.

Here are a few of the other projects:

• Everett: Puget Park Apartments — an apartment complex for families ($63.9 million), developed by DevCo.

• Everett: Parkside Apartments — rehabilitation of 202 apartments ($63.3 million), developed by Preservation Partners Development.

• Bothell: Boulevard Place Senior Living — a new project with 291 apartments ($53.4 million), developed by Senior Housing Assistance Group.




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