The week’s first announcement from Mayor Jenny Durkan heralded a nine-figure investment in “new, affordable rental homes.” The only West Seattle project on the list is one that’s been in the works a while, the Seattle Housing Authority‘s Lam Bow Apartments replacement project. The announcement and citywide list are here. The Lam Bow project (6955 Delridge Way SW) will replace both the building destroyed in a 2016 fire and the one left standing. The total 82 units to be built are up from 51 in the original complex. The cost of the project was estimated earlier this year at $35 million. Today’s announcement of citywide investments notes:
Funding sources for the Office of Housing investments include the 2016 voter-passed Seattle Housing Levy, incentive zoning and Mandatory Housing Affordability payments, $32 million in Real Estate Excise Taxes and over $13 million through retained sales taxes, made possible by changes in state law authorized by the 2019 Washington State Legislature and Seattle City Council.
A check of online files shows the Lam Bow project is still going through the city permit process.