Planning Commission Recommends Approval of 40‑Unit Affordable Housing Project at 230 Main, 4–1

The North Bend Planning Commission voted 4–1 to recommend approval of a disposition and development agreement (DDA) with Related Northwest for a proposed 40‑unit affordable housing project at 230 Main Avenue North.

City staff presented a detailed project overview and local housing context, saying North Bend’s median household income is substantially higher than King County’s and the local housing market is tight. Staff described the project as a three‑story building with 16 studios and 24 one‑bedrooms (one one‑bedroom would serve as an on‑site manager’s unit), a community room, laundry facilities and an on‑site property manager. The development is proposed to be restricted to households at 60% of King County area median income (AMI) for at least 55 years, staff said.

The presentation listed the project’s financing plan as a mix of designated affordable‑housing revenues and developer financing: Real Estate Excise Tax (REET 2) proceeds used to buy the parcel, requests for approximately $1.9 million in affordable housing sales and use tax receipts, a $500,000 REET 2 contribution for site construction/infrastructure, a Washington State Housing Trust Fund application for construction dollars, a Washington State Department of Commerce CHIP grant application for utilities/infrastructure, and an intention to…