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Council approves city staff to prepare agreement to support HopeSource purchase of Pearl Street affordable units
Summary
Council directed staff to prepare an affordable-housing agreement and approve budget adjustments to support HopeSource’s purchase of eight affordable units at 211 S. Pearl St.; city contribution will help close a $1.2 million gap alongside a $250,000 county pledge and HopeSource funding.
The Ellensburg City Council directed staff to prepare an affordable‑housing agreement with HopeSource to support acquisition of eight residential units at 211 South Pearl Street and approved necessary budget adjustments to enable the transaction.
HopeSource presented the proposal to purchase four duplexes (eight units total — six studios and two one‑bedrooms) and requested $1,200,000 in city funding to bridge the project gap. HopeSource said the project is expected to…
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