5-story, 63-unit development with 19 studios, 19 one-bedroom, 15 two-bedroom, and 10 three-bedroom apartments. Reserved for those earning between 30-60% of the AMI. Amenities include two community rooms, and a parking garage. Parcel used as parking lot sold to Imagine Housing.
Project Size: 50+ Units
Completed: 2019
Cost: $13900000
Location: Bellevue, WA
Affordable Housing and Shelter on Faith Land Database
30 Bellevue
Project & Congregation Details
Congregation Information
House of Worship: St. Luke Lutheran Church
Denomination: Lutheran
Leadership: Pastor Mark Griffith
Location Information
State: WA
City: Bellevue
Geography: Suburban
Neighborhood: North Towne
Project Information
Approval: 2014
Completed: 2019
Cost: $13900000
Developer: Imagine Housing
Architect: SMR Architects
Land: Sold
Housing Type: Affordable Rental
Funding
Local
$1.8 million King County; A Regional Coalition for Housing (ARCH) provided $422,571 in 2016 and $432,429 in 2017; The City of Bellevue provided $50,000 in 2016 and $356,084 in 2017
State
$2 million Washington State Department of Commerce Housing Trust Fund
Federal
Low Income Housing Tax Credits (9%) with $15 million in equity;
Other
Washington Community Reinvestment Association; Imagine Housing; and the Federal Home Loan Bank;