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REAL ESTATE
Seattle Office of Housing Announces $112 Million Push for Affordable Housing Development and Preservation
The Seattle Office of Housing is currently opening its doors to applicants interested in solving the city's housing issues, with a significant $112 million on the table earmarked for the development and preservation of affordable rental homes. This funding initiative, part of the 2024 Notice of Funding Availability (NOFA), is designed to confront the challenge of displacement head-on and to improve access to housing for those on the streets, among other key objectives. According to the detailed announcement available on the Office of Housing's website, the city’s objectives include creating a diverse array of affordable rentals for different income levels and household sizes.
Bellevue Seeks Proposals for $10 Million Housing Stability Program to Boost Affordable Housing Efforts
The City of Bellevue is calling for proposals from affordable housing developers and operators for its Housing Stability Program, aimed at bolstering affordable and supportive housing efforts. Announced this week, this city initiative is offering up to $10 million from sales tax revenue dedicated to housing affordability. Eligible groups interested in tapping into these funds should mark their calendars, as applications close on Tuesday, September 10, 2024. However, to enter the ring, contenders must engage in preapplication conferences by Friday, August 23, 2024.
Simon Announces Groundbreaking Celebration of 234-Unit Residential Project at Northgate Station in Seattle
King County residents can now live, work, play, stay and shop at Northgate Station. SEATTLE – Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced the addition of new luxury residential units as the latest phase of its multi-stage development project at Northgate Station. This project further expands the property into a world-class, lifestyle destination, and highlights Simon’s investment to enhance the overall experience at Northgate Station. To help celebrate this new vision, Northgate Station is hosting a groundbreaking celebration on Thursday, July 11 at 11a.m.
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