Come celebrate the ground breaking of affordable housing in downtown Bellevue with Bellevue Mayor Claudia Balducci, State Rep. Tana Senn, LIHI Executive Director Sharon Lee and others.
Bellevue Apartments features 57 affordable workforce apartments available to families and individuals making up to 60% of the area median income ($52,000 for a family of four). The sizes range from studios to three-bedroom apartments. The building will have a community room, computer lab, children play area and underground parking. There are many green energy saving features and the building meets the Evergreen Sustainable Development Standard. The apartments are conveniently located near Bellevue City Hall, shopping, employment opportunities and Sound Transit's East Link.
"Bellevue is increasingly unaffordable as it has the highest rents in the region. Over the past year the average rent in Bellevue increased 9.4% from $1,547 to $1,692. We are thrilled to be constructing 57 new apartments for working families to live in Bellevue. A number of apartments will also be set-aside for homeless families and veterans," said Sharon Lee, LIHI Executive Director.
GGLO is the architect and Synergy Construction is the contractor.
Thank you to our many wonderful funding partners: King County, ARCH (Bellevue, Issaquah, Kirkland, Mercer Island, Redmond, Newcastle, Woodinville, Clyde Hill, Hunts Point, Yarrow Point & Kenmore), Wells Fargo, National Equity Fund, King County Housing Authority, HUD, Washington State Housing Finance Commission, Washington State Housing Trust Fund, Washington Community Reinvestment Association, and Home Depot Foundation.
For more information about the Low Income Housing Institute, please visit www.LIHI.org
