Land Acquisition Program Report to the Legislature (Commerce and Housing Finance Commission, November 1, 2024)
Summary
A letter dated November 1, 2024 from the State of Washington Department of Commerce, addressed to Ms. Sarah Bannister, Secretary of the Senate, and Mr. Bernard Dean, Chief Clerk of the House of Representatives, transmitting the Land Acquisition Program Report. The letter states that the Legislature directed Commerce in Section 1031 of the 2023 capital budget to provide $28 million for the Land Acquisition Program (LAP) of the Washington State Housing Finance Commission. It states that the Commission received eight applications for a total of $16,073,500 in LAP funding, two of which were withdrawn, and funded the six remaining projects for a total of $7,273,500. The attached report lists project sponsors, cities, counties and amounts requested and awarded.
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“Land Acquisition Program Report to the Legislature (Commerce and Housing Finance Commission, November 1, 2024).”
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STATE OF WASHINGTON
DEPARTMENT OF COMMERCE
1011 Plum Street SE PO Box 42525 Olympia, Washington 98504-2525 360-725-4000
www.commerce.wa.gov
November 1, 2024
Ms. Sarah Bannister, Secretary of the Senate
312 Legislative Bldg.
PO Box 40482
Olympia, WA 98504-0482
Mr. Bernard Dean, Chief Clerk of the House of Representatives
338B Legislative Bldg.
PO Box 40600
Olympia, WA 98504-0600
Subject:
Dear Ms. Bannister and Mr. Dean,
Please find attached the report, Land Acquisition Program Report
The Legislature directed the Washington State Department of Commerce (Commerce) in Section 1031 of
the 2023 capital budget to provide $28 million from the Capital Community Assistance Account for the
Washington State Housing Finance Commission (Commission) Land Acquisition Program (LAP) “to
assist eligible organizations purchase land for affordable rental or homeownership housing developments
serving low-income households.” The proviso directed Commerce and the Commission to provide the
governor and the Legislature with a report by Nov. 1, 2024, to include:
a) The total number of applications and amount of funding requested; and
b) A list and description of the projects approved for funding, including project location.
The Commission received eight applications for a total of $16,073,500 in LAP funding, two of which
were withdrawn. The Commission funded the six remaining projects for a total of $7,273,500.
Descriptions and locations of the funded projects are included in this report.
Sincerely, Sincerely,
Tedd Kelleher Lisa Vatske
Interim Assistant Director, Housing Division Division Director, Multifamily Housing and
Washington State Department of Commerce Community Facilities
Washington State Housing Finance Commission
Nicole Bascomb-Green
Chair
Steve Walker
Executive Director
Annual Report to the Legislature on Land Acquisition Program Activities
Interagency Agreement Washington State Housing Finance
Commission through Washington State Department of Commerce
Contract Number: 23-94D60250-01
Dated November 1, 2024
Project Housing Date Loan
Project Name Description City County $ Requested $ Awarded
Sponsor Type Closed
To purchase the property and
OPAL
Cottages on develop 20-unit rental housing
Community Eastsound San Juan Multifamily $700,000 $700,000 12/11/2023
Pea Patch Lane complex, food bank, and
Land Trust
community resource center.
To purchase the property and
Housing develop a newly constructed 22–
Authority of unit affordable housing project.
Wildrose Winthrop Okanogan Multifamily $405,000 $405,000 12/15/2023
Okanogan The project will focus on serving
County families who are just exiting
homelessness.
To purchase the property and
construct a four to six story, 60-
Everett United
Housing 75-unit mixed-use development
Church of Everett Snohomish Multifamily $1,600,000 $1,600,000 7/31/2024
Hope for seniors (and their family
Christ
members) with supportive
services.
Helping To purchase the property and
Helping Hands
Hands develop a 32-unit low-rise
Supportive Everett Snohomish Multifamily $531,000 $531,000 10/2/2024
Project apartment building with
Housing
Organization supportive services.
Nicole Bascomb-Green
Chair
Steve Walker
Executive Director
Annual Report to the Legislature on Land Acquisition Program Activities
To purchase three
Urban
underdeveloped parcels for the
League of
Empowerment construction of 291 affordable
Metropolitan Seattle King Multifamily $1,237,500 $1,237,500 9/13/2023
Center units and ground floor commercial
Seattle
space that will serve as the
(ULMS)
headquarters of ULMS.
Housing
To purchase property and develop
Authority of Village at King
a 110 unit mixed-income Bellingham Whatcom Multifamily $2,800,000 $2,800,000 Pending
the City of Mountain
development.
Bellingham
To acquire a single parcel and
Plymouth
Norkirk develop 102 units of permanent Kirkland King Multifamily $5,000,000 Withdrawn N/A
Housing
supportive housing.
To acquire two parcels for the
Northwest
The Lincoln future development of eight
Youth Bellingham Whatcom Multifamily $3,800,000 Withdrawn N/A
Street Project fourplexes, four duplexes, and 60
Services
multifamily units
Total* NA NA NA NA NA $16,073,500 $7,273,500 NA
*Applications received on a rolling basis
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