Sprague Revitalization effort among projects awarded
Brian Coddington, Communications Director, 509.625.6740
Tuesday, December 22, 2015 at 2 p.m.
The Washington State Department of Commerce has awarded more than $5 million to affordable housing projects in the Spokane area.
The funding for Spokane projects is part of $47.5 million from the state Housing Trust Fund and $2.6 million from the federal HOME program for 36 affordable housing projects in 26 counties across Washington state. The Department of Commerce announced the awards earlier this month.
“This is encouraging news as we look to serve citizens looking for affordable housing,” said Mayor David Condon. “In particular, the funding will provide a boost to the City’s efforts to revitalize the East Sprague area. New affordable rental housing will be available in an area that has ready access to public transportation and services.”
The Sprague Revitalization project by Community Frameworks, to which the City’s Community, Housing, and Human Services (CHHS) department has also allocated funds, was awarded $1.2 million in HOME funds by the state. The effort is a 36-unit affordable housing project.
Other projects awarded funding in the city and county include Catholic Housing Services’ Father Bach Haven III, ARC of Spokane’s Homeownership Opportunities Program, and Habitat For Humanity’s Hope Meadows.
The Housing Trust Fund supports community efforts to ensure the availability of safe, decent, and affordable housing by providing loans and grants for construction, acquisition, and rehabilitation of low-income multi-family and single-family housing. Since 1989, the Housing Trust Fund has increased or improved the stock of affordable housing in Washington by more than 44,000 units and has invested $1 billion toward new and improved housing, leveraging more than $3 billion in private and public sector support.