Olympia’s City Council is set to approve two resolutions selling city-owned properties on Franz Anderson Road and Franklin Street to low-income home developers to construct 150 affordable units on Tuesday, June 20.
The city intends to sell the property near Franz Anderson Road to the Low Income Housing Institute (LIHI) for $1.
"City and LIHI ("Parties") specifically agree that the property shall in perpetuity be used to provide low-income affordable housing as defined in RCW 36.70A.030(2) and permanent supportive housing as defined in RCW 36.70A.030(19)," stated in the resolution.
The project to be constructed on the property would consist of:
LIHI has determined that the property is suitable for providing affordable housing and housing-related services and programs to people experiencing homelessness, housing insecurity, or an inability to secure affordable housing in Thurston County.
Likewise, the city intends to sell a property at 303 Franklin Street NE to 228 Olympia, LLLP, a Washington limited liability limited partnership engaged in the development, financing, construction, and production of affordable low-cost housing for people in need of housing.
Olympia required that the property, which would be sold to the buyer for $1, construct an affordable low-income multi-family housing rental project with a ground floor commercial tenant.
The buyer agreed that the property is appropriate and suitable for redevelopment and intends to provide up to 81 low-income housing units. These would comprise studio and one-bedroom apartments and provide supportive services to help tenants live independently.
Both resolutions are on the consent agenda for the city council meeting on Tuesday, June 20.
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Honestyandrealityguy
We can NEVER give some people enough free stuff.
Tuesday, June 20, 2023 Report this
KarenMcIrish
Hopefully, people who have been on the "list" at Thurston County Housing Authority will be able to utilize these apartments. Affordable housing is a necessity for low income folks in this area.
Tuesday, June 20, 2023 Report this
Citizen
Question is this another gift to a developer or an enforceable contract to build low income safe, sustainable, and affordable units?
Wednesday, June 21, 2023 Report this
Southsoundguy
These will do nothing to get prices back to reality. As long as government controls zoning and land use, prices will continue to inflate. Break government control over real estate; bring back REAL property right.
Wednesday, June 21, 2023 Report this
Cobbnaustic
Probably going to end up like the Unity commons they put in next to the VFW, You can even drive down the road next to it because of zombies aimless wandering in the middle of the road and lots of sketchy stuff going on all around it. I have had to change some of the routes I have been driving for 30 years to avoid them because they are violent and unpredictable. They will walk right out in front of you and if you hit them you will be sued.
Thursday, June 22, 2023 Report this