July 24, 2000
Woodinview, an affordable housing development, is scheduled to break ground in Woodinville late this summer or in early fall.
On July 5th, King County Executive Ron Sims announced that $6.4 million in low income housing grants and loans to 15 development projects was awarded to King County. A portion of this award, in addition to money already allocated in 1999, is targeted for Woodinville, with $800,000 committed to Woodinview. The public funds will go toward 50 senior rental units, 50 family rental units, and 70 condominium units for home ownership.
"We're really excited to be working with the City of Woodinville," said Linda Peterson, Program Manager for King County Housing and Community Development Program. "Woodinview is very well designed. It has a park, a lot of open space, and it's going to be a real asset to the community. And it will be very inviting with a lot of green space and trees."
Located at 144th NE and NE Woodinville Way, Woodinview will sit on 22 acres of county surplus property which was assessed for suitable housing. 11 of the 22 acres are wetlands, and the other 11 are developable.
As to the need for the mixed-income housing in Woodinville, Peterson explained, "Rents and prices of houses for sale have increased faster than incomes throughout the whole region."
Arthur Sullivan, Program Director of ARCH (A Regional Coalition for Housing) said, "Average rents in East King County and in the Woodinville area are approaching $900 a month." Regarding home ownership, he said, "You need an annual income of $80,000 or more to afford an average size home."
Woodinview, Sullivan said, will benefit those earning an annual income of $40,000 to $80,000. "This is a program that is very much solid work force, teachers, nurses, that's them.î
Sullivan said that the housing development is targeted for a wide range of needs and added, "It's in a neighborhood-type setting."
The senior rentals will be priced at or below 40% of the median income, which is $65,800. Half of the family rentals will be priced at or below 50% of the median income, and the other half will be priced at or below 30% of the median. Of the condominiums, 11 will be made available at or below 80% of the median, 9 will be available at or below 90%, and the remaining 50, at or below 120%.
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 Woodinview developers include Shelter Resources Group, CAM West, and Downtown Action to Save Housing (DASH).