Everett, WA - September 7, 2012 - Housing Hope is excited to announce
the successful financing of Pilchuck Place through the Bonds Plus
program of the Washington Community Reinvestment Association and the
Washington State Housing Finance Commission; and a HUD home loan granted
by Snohomish County.
Pilchuck Place is an existing 10-unit apartment complex located at 131
Avenue East in Snohomish. The building consists of a rehabilitated
duplex and a newly constructed garden-style 8-unit building. Housing
Hope will convert the project to affordable housing. Located two blocks
northwest from the City of Snohomish's Historic District, the property
has a total of seven 1-bedroom and three 2-bedroom flats. The project
will serve very low income families and households with no more than 50%
of the area median income.
About Housing Hope
Housing Hope, founded in 1987, recognizes that safe, decent and
affordable housing is only the first step in creating housing stability
for struggling families. The innovative concept to provide a full range
of housing with housing-related support services is a hallmark of the
Housing Hope mission. Housing Hope combines emergency shelter and
transitional housing with critical services such as life-skills
training, childcare, case management, and employment counseling.
Housing Hope also offers affordable-rent apartments and homeownership
opportunities for low-income individuals of Snohomish County and Camano
Island. Housing Hope's website is www.housinghope.org