LIHI staff are leasing up 506 10th Ave. E. on Capitol Hill. This 36-unit building is one of our newest buildings acquired by LIHI with Rapid Acquisition funds from the State Dept of Commerce and the Seattle Office of Housing. The target population are homeless young adults age 18-25 and others 30 and under.
The State’s innovative Rapid Capital Housing Acquisition program provided $5.7 million in financing. Combining these fund with City funds enabled LIHI to quickly stand up permanent supportive housing (PSH) for homeless people without the use of housing tax credits, bank financing, and other sources.
“Buying a newly constructed building saved precious time during the pandemic to stand up critically needed PSH housing for homeless people. We did not have to search for land, securing financing and wait for permits and construction to get completed. We saved three or more years,” said Sharon Lee, LIHI Executive Director. “In hindsight we benefited from land costs three years ago, and construction and material costs that were booked prior to the recent surge in price and supply chain problems the industry is now experiencing. We now own high quality housing on prime real estate.”
LIHI wishes to thank the wonderful volunteers who worked through the weekdays and weekends to unpack beds and assemble furniture. See photos. Each kitchen was furnished with pots and pans, silverware, dishes, and even dish soap. Alaa Hasan, LIHI volunteer Coordinator, said: “Over 50 amazing volunteers worked together to assemble furniture, deliver home goods, and ensure a welcoming atmosphere for our new residents. As residents walk into their new home, they will have a comfortable bed, a new dresser, a table, and any of their essential needs met. I can't thank our volunteers enough for their dedication and kindness!”
New residents started moving into the building this past Wednesday. This include people transitioning out of tiny houses, people exiting the Executive Pacific Hotel (which is closing January 31), and homeless young adults referred from the Seattle Indian Center, ROOTS, YouthCare, Urban League, REACH, and other agencies.
The building was purchased on December 17. The studio units include full kitchens including dishwashers, stoves and microwaves. The top floor units include sleeping lofts. The apartments and roof deck have spectacular views of downtown, Space Needle, and Puget Sound.
The architect is Neiman Taber Architects. The contractor is LNL Builds, LLC. LIHI purchased the building from Prestige Partners NW LLC. The project's funding sources include the City of Seattle Office of Housing ($6.5M) and the State of Washington Department of Commerce ($5.7M). The total project cost is $12.2M.
Typical living space
Top floor units have sleeping lofts