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Council adopts resolution to execute SCIP housing capital agreements; Kent project among funded developments
Summary
The council approved Resolution 2084 authorizing agreements with South King Housing and Homelessness Partners to fund four affordable-housing projects through the SCIP pooled housing capital fund; Kent's TWG multifamily project was among those funded.
The Kent City Council Committee of the Whole on March 4 adopted Resolution No. 2084 authorizing the administering agency for South King Housing and Homelessness Partners (SCIP) to execute agreements to fund affordable-housing projects in South King County.
Marina and Kristen (staffers from the Parks and Planning area) briefed the committee on SCIP's pooled Housing Capital Fund, which combines resources from the 2019 measure commonly referred to as 14-06 and the 2020 local sales-and-use tax measure 15-90. Staff said 11 member jurisdictions participate in the pooled fund.
Staff said the SCIP advisory board recommended funding four projects (of six total applications reviewed) and the executive board endorsed the advisory board's recommendations. The four projects received a combined allocation of about $4.1 million drawn from the pooled 14-06/15-90 funds and limited general fund contributions from SeaTac. Projects cited in the staff presentation included:
- Mercy Housing Northwest (Burien): a 91-unit project awarded $2,000,000. - TWG multifamily project (Kent): a 251-unit development targeting households at 30% to 80% of area median income (AMI), with approximately 30 units targeted at 30% AMI; includes set-asides for families at risk of homelessness and on-site supportive services provided through a partnership with Vision House. - Multi-Service Center White River Apartments (Auburn): a 24-unit rehabilitation project with a mix of affordability levels, including three units at up to 30% AMI. - Habitat for Humanity project (Burien): a 40-unit affordable ownership project with 20 units targeted at 50% AMI and 20 at up to 80% AMI.
Staff explained Renton had a unique arrangement in which it retained its 15-90 revenues in-jurisdiction for two projects because Renton already operates a housing authority and had projects under its revitalization program; Renton is in conversations with SCIP about future pooling. SeaTac contributed $300,000 from its general fund to the pooled awards.
After the staff presentation, Councilmember Trappner asked about timing for the Kent TWG project. Staff said development review is underway but the developer has paused certain permitting steps while it resolves gap financing; staff said the schedule depends on the project closing final financing, but the current permitting and entitlement process could be completed this year with potential ground breaking next year if financing closes.
Councilmember Trappner moved to adopt Resolution No. 2084; the motion was seconded, council voted unanimously in favor and the resolution passed.
Staff materials supplied project charts showing jurisdictional funding sources, allocations by 14-06 versus 15-90 funds and carryover amounts; those charts are on file with the city.
