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HousingWednesday, November 11

HASCO broke ground on a $90.1 million Lynnwood housing community with 124 homes

The SEAtoday teamFrom Wednesday’s edition · 1 min read · 2 sources

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If you're watching affordable housing in Snohomish County, here's a big one. The Housing Authority of Snohomish County () broke ground Tuesday on The Bow Tie at 5710 200th St. SW, the former Pinewood and Timberglen apartments site. It will have 124 homes for seniors and families, and HASCO estimates it will be done in 2028.

Most of the $90.1 million comes from a bond issuance and low-income housing tax credits. Snohomish County, the Amazon Housing Fund and the state fill in the rest.

Bonds and tax credits cover most of The Bow Tie's $90.1 million

Source: HeraldNet.com

View as table
AmountShare
Bond issuance$39.5M43.8%
Housing tax credits$32M35.5%
Amazon Housing Fund$6.5M7.2%
Snohomish County$6.1M6.8%
State Housing Trust Fund$5M5.5%
State commerce department$1M1.1%

“As long as I'm governor, that priority will remain unchanged.”

Gov. Bob Ferguson, on housing, at the groundbreaking

The name honors former HASCO Executive Director Bob Davis, who's known for sporting a bow tie. Several dozen people gathered under a canopy tent, and some wore bow ties of their own.

  • Senior homes: 60, for incomes at 30% to 60% of area median
  • Family homes: 64, for incomes at 50% to 60% of area median
  • : $151,200 in Snohomish County

Sources: HeraldNet.com, My Edmonds News

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