LIHI awarded HUD 202 Fundsfor Black Angus site project
- aaronl67
- Oct 5, 2023
- 1 min read
Rendering by Runberg Architecture Group
LIHI is pleased to share the great news that we received a HUD 202 senior housing award for the Black Angus site at 125 & Aurora Ave. which includes the capital of $3.8 million plus a PRAC (operating subsidy much like Section 8) for a 90 units building. This is affordable rental housing for seniors age 62 and over. LIHI was the only recipient of this award in the Pacific Northwest and 90 units is the second largest award in country. LIHI was one out of 25 applicants funded nationally.
“We are thrilled with this HUD award. The HUD 202 Supportive Housing for the Elderly is an exemplary program that provides both capital and long-term operating support for extremely low income seniors age 62 and over,” said Sharon Lee, LIHI Executive Director. “Seniors will pay 30% of their income for rent to live in high quality, energy efficient housing that is transit oriented.”
The location is on the Rapid Ride E line with convenient access to Shoreline and downtown Seattle. Currently the property is occupied on an interim basis by LIHI’s Friendship Heights Tiny House Village and a restaurant.
"HUD is committed to addressing homelessness with urgency and ensuring everyone, including our nation’s seniors, has access to quality affordable housing," said HUD Secretary Marcia L. Fudge. "The funding announced today shows the Biden-Harris Administration is investing in Americans at every stage in life, working tirelessly to do everything we can to make sure older adults have the resources they need to stay housed and safe, especially as we witness a troubling rise in homelessness among seniors."
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