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Staff backs Related Affordable’s renovation plan for Hostmark apartments to preserve affordability
Summary
City staff reported that Related Affordable intends to renovate and preserve the 120‑unit Hostmark apartments; staff recommended supporting the applicant’s narrative for county funding, and council expressed general support while noting resident management and service questions.
City staff recommended support for Related Affordable’s planned acquisition and renovation of Hostmark of Village Cove (703 Hostmark Avenue), a 120‑unit affordable property that houses older adults and adults with disabilities. Kim Hendrickson summarized Related Affordable’s national profile and preservation record and said the firm expects to preserve affordability for at least a decade if the purchase and renovation proceed.
Hendrickson told council the organization intends to have the property locally managed — potentially working with Housing Kitsap — and emphasized that letters of support are not accepted in the county application process but that the city’s name would appear in the applicant’s narrative. Council members who live near the property and those representing housing interests expressed support while asking staff to track resident concerns (for example, winter sidewalk maintenance and property management after a sale). Staff will continue to monitor the transaction and return with any formal agreements or contract items that require council action.
