January 10, 2000
Fifty apartment units will be for seniors, with 10 two-bedroom units and 40 one-bedroom. They are designed for incomes of $17,520 to $20,040 per year. They will be ready for occupancy in December of 2000.
The complex will also include 46 family units, with 10 three-bedroom units, 25 two-bedroom, and 10 one-bedroom units. Those units will rent to families with yearly incomes between $17,520 and $26,041. They will be ready for occupancy in spring of 2001.
"These apartments will be home to seniors on Social Security and retirement funds who helped build the infrastructure of our local community," said Mark Thometz of DASH. "The family apartments will provide workforce housing to service, clerical, sales, and entry level workers just beginning to advance up the economic ladder."
Len Brannen of Shelter Resources, Inc., who has developed 50 housing projects, will assist with development planning on the project, said Thometz.
He credited the Kenmore City Council and city staff for supporting the project and gave financing credit to several agencies, including: A Regional Coalition for Housing (ARCH); King County Housing Finance Program (HUD HOME and CDBG Funds); Washington State Dept. of Community, Trade and Economic Development; Washington State Housing Finance Commission Low Income Housing Tax Credit Program; Washington Community Reinvestment Alliance; Key Bank National Association; and Key Community Development Corporation. David Haynes is the architect, and Design Build Group, Inc. is general contractor.
Call Mark Thometz at 425-646-9053 for information.