These loans from the 2012 Housing Levy are intended as short-term funding to permit strategic acquisition of sites for low-income housing development. These loans are expected to be repaid with permanent project financing and are intended to facilitate development of rental or homeownership housing consistent with the objectives and priorities of the Housing Levy.
The City will give priority to projects that meet the following criteria:
In addition, the program will give preference to:
The City has set aside approximately $875,000 for these loans.
Applications will be accepted until all funds have been allocated. Please contact David Stalheim, City Block Grant Program Manager, at firstname.lastname@example.org or 360-778-8385.