Millions Awarded to Affordable Housing Projects Across Spokane
Spokane's city government has allocated $7. 5 million for nine affordable housing projects, demonstrating a proactive approach to local housing challenges. The funding stems from various sources, including HEART Funds and HOME-ARP TBRA Funds, aimed at increasing affordable housing inventory. Among the initiatives, 95 new mixed-income housing units will serve families earning 60% Area Median Income or less. Two rehabilitation projects will preserve existing affordable units while adding new ones for households earning 80% AMI or less.
Mayor Brown stated that these investments are crucial for fostering stability and opportunity in the community. Additionally, the funding supports vulnerable populations, providing essential housing resources. This initiative aligns with broader efforts to address housing shortages in Spokane. The city's commitment to affordable housing reflects an understanding of the growing demand for accessible living options.