The Seattle Office of Housing is funding up to $3 million toward creating 21 affordable homes at a site previously used by the utility company Seattle City Light, in Highland Park.
This funding will go directly to the Homestead Community Land Trust, which is redeveloping the West Seattle location. Upon completion, 21 units will be available for buyers earning at or below 80% of the Seattle area median income, which is about $63,000. The ground floor will also include commercial space.
“This development is an excellent example of how public land can be transformed into a lasting community asset, providing not only homes but also spaces for local businesses to thrive,” Seattle Mayor Bruce Harrell said in a news release.
“This homeownership project in my district’s Highland Park fulfills a great need and will include affordable homes to accommodate families,” Seattle City Councilmember Rob Saka added. “This is an excellent model of transferring Seattle City Light surplus property to create permanently affordable housing.”