(A design rendering shown at the March 8th SW Design Review Board meeting)
Tomorrow’s the day the Washington State Housing Finance Commission will look at the tax-credit financing proposed to comprise most of the money for DESC‘s 66-unit Delridge Supportive Housing project. Full details are on the Delridge Community Forum website, but to summarize it: This funding would allow private investment in the project, with the private investor(s) getting Low-Income Housing Tax Credits in exchange. The project (5444 Delridge Way SW) already has been approved for public funding from the city, county, and state. The Thursday meeting, which includes a public-comment period (other ways to comment are explained on the DCF site), is at 1 pm, downtown at 1000 Second Avenue (28th floor).
In advance of the meeting, the anonymous “Concerned Delridge Neighbor” who has been diving into some of the issues the project has raised – such as, is Delridge already bearing more than its share of very-low-income housing? – published an open letter to the WSHFC, with data about the area’s poverty. (If you have already been following this via the North Delridge mailing list, where questions were raised about the data’s accuracy/source, note that “Concerned Delridge Neighbor” has published a postscript citing the source.)