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SNAP reports delays but secures multiple funding sources for Broadway Senior Housing; occupancy expected mid‑2027
Summary
SNAP told council its Broadway Senior Housing project will offer 60 permanently affordable units, 39 of which will be subsidized by committed vouchers; construction is delayed by federal appropriation timing and tax credit pricing, with occupancy now targeted for mid‑2027.
SNAP briefed the Spokane Valley City Council on progress and timing for the Broadway Senior Housing project, a 60‑unit permanent affordable senior housing development funded in part by a 2023 city grant.
Amber Johnson, chief operating officer at SNAP, said the city’s CLIFR/ARPA allocation — a $471,000 grant to support the project — helped leverage additional capital from the Washington State Housing Finance Commission (tax credit allocation), the state housing trust fund, Spokane County home dollars and a federal direct appropriation the project is still trying to contract. "We were expecting that allocation in December," Johnson said, but work at the federal level and a continuing resolution delayed contracting for the $2 million federal direct appropriation.
Johnson said the project has 39 project‑based vouchers committed, which will result in many units charging 30% of adjusted income for eligible seniors. She described the property programmatically as 100% affordable to seniors, with most units targeted at 50% of area median income and some at 60%.
Because tax credit investor pricing moved downward (Johnson said pricing moved from about $0.89 to the low‑80s), the project faces a financing gap the team is addressing through contingency planning and conversations with state and private partners; SNAP also said it is prepared to consider a small permanent loan if the $2 million federal appropriation does not contract.
Johnson said predevelopment work and design have started; groundbreaking is tentatively scheduled for December 2025 and substantial completion in June 2027, with first residents expected in July 2027. The project will include on‑site supportive services provided by partners including Meals on Wheels and visiting nurses, and design features intended for aging in place.
Council members asked about income targeting, long‑term sustainability and use of city funds. Johnson said the city grant reimburses predevelopment and support costs and that SNAP has project experience and existing tax credit compliance experience that informs long‑term operations and maintenance plans. "We have some great experience at SNAP," she said, noting SNAP has successfully managed tax credit properties through compliance periods in the past.
