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June 30, 2016

MarketFront gets $8M from US Bank

With nearly $8 million from U.S. Bank, 40 units of below-market-rate housing for seniors will be part of The MarketFront expansion at Pike Place Market. U.S. Bancorp Community Development Corp. said it invested $7.9 million in low-income housing tax credits equity and a $7.3 million construction loan. Tenants will earn between 30 and 50 percent of area median income. Rents will range from $431 to $745 a month. The project is being co-developed by Pike Place Market Preservation and Development Authority.




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