Mt. Baker Housing Completes $50M Preservation Project

Mt. Baker Housing, an affordable housing developer, recently completed the first phase of its $50M preservation effort at the 156-unit, seven-building Mt. Baker Village property. The project included construction of 49 new residential units.

The affordable housing project caters to those in the 30% to 60% average median income bracket.

The complex, at 2900 South McClellan St., was built 59 years ago. The next phase includes the remodeling of 107 existing units.

“As our namesake from nearly 30 years ago, Mt. Baker Village is important to the neighborhood and our vision as an affordable housing provider,” Mt. Baker Housing Executive Director Mike Rooney said in a statement. “This project was built in the 1950s and our goal with this substantial investment is to ensure Mt. Baker Housing provides affordable housing to individuals and families for another 50+ years.”

In 2017, the company entered into an agreement with the Department of Housing and Urban Development and the Seattle Housing Authority to convert Mt. Baker Village's annually renewing Section 8 Moderate Rehabilitation Housing Assistance Payments contract to a 15-year contract using HUD’s Rental Assistance Demonstration - Second Component process.

This was the first time the process had been used in Seattle, according to Rooney. It was also unique because it included both new construction of units as well as rehabilitation of existing ones.

Prior to the preservation project, the property had not been updated for 30 years. Improvements include efforts to meet the needs of the aging population, such as installing a new elevator and making some units easily accessible.

Construction on the project began in April 2017 and is expected to be complete by September.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Seattle Newsletters
Related Stories

Ireland's Living Sector Sales On Course To Hit €1B This Year

2 Longtime Leaders Of Housing Nonprofit Leave To Launch New Firms

Developers Build More Bedrooms As 99-Unit Projects Dominate

Redevco Provides €57M Green Loan For Dublin Resi Scheme

Janeese Lewis George Wants To Stabilize Rent. The Question Is How

Greystar Reveals Plans For 20,000-Home Garden-Style BTR Push

MEAG Expands Dublin Residential With Fourth Irish Acquisition In 6 Months

Federal Housing Bill Becomes Law Without Trump's Signature

Discussing NYC Transit Needs And Building Near A Subway Station At Bisnow's July 22 Conference

Trump Administration Loses Lawsuit Over Homelessness Funding Rules

Chicago Affordable Housing Operator Selling 17-Building Portfolio

Cherrywood Mixed-Use Site Comes To Market At €40M