West Seattle is getting one percent of the $100 million in affordable-housing investments announced today by Mayor Jenny Durkan.
The lone local recipient on the list is Delridge Neighborhoods Development Association. As explained in the full announcement, part of the $100 million goes to new construction and part goes to preservation, and the latter is where DNDA comes in. Though the specific amounts weren’t mentioned in the announcement, we followed up for the specifics, and Office of Housing spokesperson Robin Koskey tells us DNDA was awarded $1,000,394. That will be invested in 70 apartments that are part of DNDA’s portfolio:
So what will the money buy? We asked DNDA executive director David Bestock. He tells WSB, “Rehab at these 4 properties” — Centerwood, Delridge Heights, Holden Manor, and Cooper School – “will include site improvements, exterior systems, interior maintenance, and specific to Cooper, abatement of foundation settling. We are thrilled to have the support of (the Office of Housing) to improve and preserve our affordable housing properties for residents of Delridge. This is a huge win for our residents, for our organization, and for our neighborhood.”
The funding announced today, for DNDA and the other organizations, comes from several sources, including the Housing Levy approved by voters last year, incentive-zoning payments, the sale of surplus properties, and $29 million in bonds approved by the City Council (in a plan sponsored by West Seattle/South Park Councilmember Lisa Herbold).