"Nearly all the housing will serve households below 50% of median income," Ava Frisinger, mayor of Issaquah and chair of the King County Consortium's Joint Recommendations Committee said in announcing the news. "These households have a difficult time finding affordable rental and ownership housing in our high-cost market."
A three-person household at 50% of the King County median income earns $32,500; a single person at 50% of median earns $25,250.
The housing development projects are funded by the King County Housing Opportunity Fund (HOF), a local fund source using County current expense funds, and federal Home Investment Partnership Act (HOME) and Community Development Block Grant (CDBG) funds. The projects were recommended for funding by suburban city and county representatives. The projects include:
* Apartments for families will be constructed in Issaquah, 80 apartments for seniors will be constructed in SeaTac, and a commercial building in Auburn will be converted to provide 24 apartments, serving individuals including disabled veterans.
* A 104-unit apartment complex in Kent will be purchased and rehabilitated, preserving scarce federal Section 8 rental assistance.
* An existing facility in Bellevue will be rehabilitated, and the residents' rent and services costs will be reduced by 30% to 40%.
* Fifty homes will be constructed in Snoqualmie by volunteers and first-time homebuyers.
% Sixty four shelter and transitional housing units for homeless families and youth will be constructed in Redmond, 25 apartments for homeless disabled veterans will be constructed in Shoreline, 50 units of housing for chronic inebriates and five units serving women in recovery will be constructed in Seattle.
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