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Bellevue directs staff to prepare $1.81 million allocation to ARCH housing trust fund
Summary
The Bellevue City Council voted to direct staff to prepare legislation approving the city’s $1,810,900 contribution to ARCH’s Fall 2024 Housing Trust Fund round. ARCH recommended three regional projects; Bellevue’s share will support the coalition’s pooled investments to leverage state, county and private financing.
Bellevue City Council on Jan. 28 directed staff to prepare legislation to allocate $1,810,900 from the city to the ARCH (A Regional Coalition for Housing) Fall 2024 Housing Trust Fund round, a move councilmembers said will help leverage larger state and federal awards to produce affordable units across East King County.
The council’s action will bring a proposed funding ordinance back to a future meeting for final approval. The ARCH Executive Board and its Community Advisory Board both recommended the round’s slate unanimously, ARCH staff told the council during a study session.
ARCH Executive Director Lindsay Masters described ARCH as “a coalition founded by Bellevue and other…
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