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St. Charles approves $600,000 allocation to King County housing fund for 2026 projects

St. Charles Committee of the Whole · April 28, 2026

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Summary

Council approved a resolution to allocate roughly $600,000 from the Housing Trust Fund to the King County Affordable Housing Fund's 2026 call for projects, preserving local prioritized funding for St. Charles projects; staff said the trust fund balance is $2.5 million.

City staff told the committee the Housing Trust Fund currently holds about $2,500,000 in unallocated funds and described two new local programs funded this year (an Urgent-Need Rehab Grant with Habitat for Humanity and support for Lazarus' permanent supportive housing program). Staff said two previously approved larger projects (Anthony Place II and a Carroll Tower renovation) had not proceeded and the allocated funds lapsed.

To preserve capacity to support larger projects in the future, staff recommended allocating about $600,000 to the King County Affordable Housing Fund for the 2026 call for projects. Colby explained that the county administers the program and that any funds designated for St. Charles would be advertised as available for projects located in the city; the city would only disburse the funds if a county-approved project serving St. Charles is selected.

A motion to approve the resolution was moved and seconded; a roll call vote approved the allocation. Staff said the Housing Commission had recommended the funds be provided for this cycle and that the city would continue to pursue standalone and development-partner projects consistent with the city's affordable-housing goals.