YWCA project gets $2 million state loan
June 23, 2009
A planned YWCA housing development in the Issaquah Highlands has received a $2 million state loan, Gov. Chris Gregoire announced June 17.YWCA Family Village at Issaquah would include 146 rental apartments for tenants earning 50 percent or less of King County’s median income. The state loan is earmarked for the 48-unit second phase of the project.
YWCA of Seattle, King & Snohomish County was among the recipients of 35 state grants or loans for affordable housing projects. Five other projects in King County received grants or loans.
Plans call for the YWCA complex to be built on about two acres at the corner of Highlands Drive Northeast and Northeast High Street. YWCA officials hope to begin construction in April 2010 and open the complex the following year. Most residents will earn 50 percent or less of King County’s median income — $40,700 for a family of four.
The complex will house about 400 residents when construction is completed.
About one-third of the tenants will be classified as very low-income earners, or a family of four that earns $24,400 annually. Other units will be available for tenants who earn up to $48,840 for a family of four. Five units will be set aside for people making the transition from homelessness into permanent housing.
Plans call for a mixture of studio apartments and one-, two- and three-bedroom units divided among three buildings. The design includes a childcare facility, a community center and offices for YWCA employees.