homeWelcome, sign in or click here to subscribe.login
     


 

 

Real Estate


print  email to a friend  reprints add to mydjc  

June 24, 2021

SRM Development

Hansen

Based in Spokane, SRM Development is already a formidable presence in our market. It's currently building another office building for Google in Kirkland, and has a half-dozen-plus apartment projects planned in Bellevue and Seattle. (It also has a satellite office in Kirkland.) Now the private developer has announced a new affordable housing division, to be led by Conor Hansen, who makes the move from Mt. Baker Housing. SRM's Jim Rivard said in a statement, “SRM has a great track record in multifamily, senior housing and commercial development and construction. We are excited to expand our efforts to develop affordable housing. Conor's experience, entrepreneurial mindset, and tenacity make him a great fit to lead SRM's efforts in this area.” SRM says it's focus on Low Income Housing Tax Credit bond financing, with future rents to be affordable to households earning 50% to 60% of Area Median Income. It'll also target the so-called “missing middle,” meaning affordable rents for those earning 60% to 120% of AMI. Hansen didn't specify any specific first project, other than to say, “We will be focused on transit-oriented development sites in markets that haven't had as much new affordable housing created over the last decade.”




Email or user name:
Password:
 
Forgot password? Click here.