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HousingWednesday, November 11

HASCO breaks ground on 124 affordable homes in south Lynnwood

The Daily Everett teamFrom today’s edition · 1 min read · 2 sources

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If you're hunting for an affordable place to live near Lynnwood, help is on the way. The Housing Authority of Snohomish County broke ground Tuesday on The Bow Tie at 5710 200th St. SW, the former site of the Pinewood and Timberglen apartments. estimates it'll be finished in 2028.

Gov. Bob Ferguson and State Treasurer Mike Pellicciotti joined the $90.1 million groundbreaking. Ferguson said that after visiting all 39 counties on the campaign trail, housing was the issue he heard about most.

Bonds and tax credits cover most of the $90.1 million

Source: HeraldNet.com

View as table
AmountShare
Bond issuance$39.5 million43.8%
Low-income housing tax credits$32 million35.5%
Amazon Housing Fund$6.5 million7.2%
Snohomish County$6.1 million6.8%
State Housing Trust Fund$5 million5.5%
State commerce department$1 million1.1%

The name honors former HASCO Executive Director Bob Davis, who wore a bow tie to the ceremony, naturally.

  • Seniors: 60 units at 30% to 60% of area median income
  • Families: 64 units at 50% to 60% of area median income
  • Area median income: $151,200 in Snohomish County
  • Amenities: air conditioning, community room, bike storage

Sources: HeraldNet.com, My Edmonds News

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