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City supports Related Affordable's application to preserve Hostmark Village Cove apartments
Summary
City staff told council Related Affordable intends to purchase Hostmark Village Cove, a 120-unit affordable complex, and apply for county affordable housing funds to renovate the property. The city supports listing Poulsbo in the application narrative; the council expressed general support.
Poulsbo, Wash. — City staff informed the council June 11 that Related Affordable (the affordable‑housing arm of Related Companies) has an agreement to purchase Hostmark Village Cove, a 120‑unit affordable housing complex at 703 Hostmark Avenue that houses adults with disabilities and older adults. Related Affordable intends to apply to Kitsap County affordable housing funds to pay for a multimillion‑dollar renovation; county funds often…
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