Millions Awarded to Affordable Housing Projects Across Spokane

Spokane allocated $7. 5 million to fund nine affordable housing projects aimed at increasing rental and homeownership options. The funding sources include HEART Funds, Affordable Housing Development Funds, HOME Affordable Housing Development Funds, and HOME-ARP TBRA Funds. Four new construction projects will generate 95 mixed-income housing units, with 63 units targeted for households earning 60% of the Area Median Income or less. Two rehabilitation projects will preserve 50 units for households earning 50% AMI or less and introduce an additional 49 units for those earning 80% AMI or less.

Furthermore, a new homeownership initiative will create 12 single-family townhomes, with six designated for households earning 80% AMI or less. Mayor Brown highlighted the significance of these funds in promoting stability and opportunity within the community. The projects will ultimately serve 86 eligible households, particularly from vulnerable populations as defined by HUD. This funding round reflects Spokane's commitment to addressing the affordable housing crisis and fostering inclusive growth.