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Bridge Housing to buy View Kirkland; city offers $10,000 to secure long‑term affordability commitments
Summary
The City Council voted unanimously to support Bridge Housing’s planned purchase of the View Kirkland apartments and to provide a $10,000 city contribution to enable a nonprofit property‑tax exemption.
The City Council approved a $10,000 contribution to help Bridge Housing secure a property‑tax exemption and to convert the View Kirkland apartment complex to long‑term affordable housing, subject to an amendment that the city manager negotiate protections for current residents.
Lede: The council voted unanimously to support Bridge Housing’s planned purchase of the approximately 200‑unit View Kirkland apartments (purchase price just over $55 million), providing a $10,000 city contribution that makes the nonprofit eligible for a statutory property‑tax exemption and, in exchange, will trigger a city affordability covenant and a separate, long‑term affordability covenant with the Amazon Housing Equity Fund.
Why it matters: The buyer, Bridge Housing, announced it has secured a $222 million award from the…
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