The Low Income Housing Institute (LIHI) has been awarded nearly $7.6 million from the U.S. Department of Housing and Development (HUD).
The vacant lot at 2014 NW 57th St from 2010.
LIHI first proposed the low-income housing for individuals and families and an Urban Rest Stop more than a year ago at 2014 NW 57th St. The proposal has since changed to construct and operate a 51-unit senior housing complex and Urban Rest Stop. The Urban Rest Stop would allow homeless men, women and families the opportunity to shower and wash their clothing.
LIHI will use just over $7 million of the Section 202 grant for capital advance funds and another $584,400 in rent subsidies. Sharon Lee, the executive director of LIHI says that private financing needs to be secured.
“Completing architectural work, permits and bidding will take a year. Once construction is completed, which will take another year, LIHI will advertise for interested seniors to apply to live there,” Lee says. “A waiting list will be created and we will certainly seek applications from existing seniors in Ballard who need affordable housing. We are thrilled to be able to offer much needed housing in Ballard.”
The Urban Rest Stop is still planned, although Lee tells us that LIHI is still working to secure foundation funding for the first-floor facility.