PRES 1 -SKHHP Housing Capital FundsSouth King Housing and
Homelessness Partners (SKHHP)
Housing Capital Fund
Recommendations
Claire V. Goodwin, SKHHP Executive Manager
City of Federal Way Parks, Recreation, Human Services, and Public Safety Committee
April 9, 2024
Establishing SKHHP and the Housing Capital Fund
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2019: SKHHP was formed via an Interlocal Agreement
Eleven member jurisdictions include:
▫Auburn ▫Federal Way ▫Renton
▫Burien ▫Kent ▫Tukwila
▫Covington ▫Maple Valley ▫King County
▫Des Moines ▫Normandy Park
2019: SHB 1406 (RCW 82.14.540) became law allowing jurisdictions to enact a local sales tax
for the purpose of affordable housing; sales tax is a recapture of a portion of existing sales tax
2020: HB 1590 (RCW 82.14.530) became law allowing jurisdictions to impose a 0.1% local sales
and use tax to support affordable housing; limited window to act before County collected revenue
2021 and 2023: Interlocal Agreements for the Purpose of Pooling Sales Tax Receipts with
SKHHP
2022: Launched first funding round of the Housing Capital Fund
2023 Housing Capital Fund
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The second annual SKHHP Housing Capital Fund application opened in 2023.
Six applications were received with broad geographic diversity throughout South King County.
The SKHHP Advisory Board reviewed and made recommendations to the SKHHP Executive
Board to fund four of the six projects.
The SKHHP Executive Board agreed with most of the recommendation and is seeking
concurrence from each jurisdiction.
The recommendation totals $5,747,306
$777,306 from SHB 1406
$4,970,000 from HB 1590
Recommended Projects
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1.Mercy Housing NW –Kent Multicultural Village: Kent
•199-unit multifamily rental development adjacent to the future Kent Des Moines Link light rail station
•30%-80% of area median income (AMI); 20% set-aside for households with an I/DD and 30% set-aside for families
•$1,000,000
2.LIHI –Skyway Affordable Housing and Early Learning Center: Unincorporated South King County
•55-unit multifamily rental development with on-site support services
•30%-50% AMI; 75% set-aside for households transitioning out of homelessness
•$2,800,000
3.TWG –Pandion at Star Lake: Kent
•168-unit multifacility rental development adjacent to the future Kent/Star Lake Link light rail station
•30%-60% AMI; set-asides for families and families transitioning out of homelessness or are at-risk of homelessness
•$1,170,000
4.Multi-Service Center –Victorian Place II: Des Moines
•20-unit rehabilitation and preservation project
•5 units up to 35% AMI; 10 units up to 40% AMI; 5 units up to 50% AMI
•$777,306
Proposed Funding Sources for Recommended Projects
–HB 1590
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Jurisdiction 1. Mercy
Housing-KMV 2. LIHI-Skyway 3. TWG-
Pandion
Total Contributed
in 2023 Unallocated
Covington $ 88,126 $ 246,752 $ 103,107 $ 438,028 $ 43
Kent $ 911,874 $ 2,553,248 $ 1,066,893 $ 4,532,457 $ 442
Total $ 1,000,000 $ 2,800,000 $ 1,170,000 $ 4,970,485 $ 485
Proposed Funding Sources for Recommended Projects
–SHB 1406
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Jurisdiction 4. MSC-Victorian
Place II
Total
Contributed in
2023
Carry-Over from
2022 Unallocated
Auburn $ 137,595 $ 152,865 $ 11,548 $ 26,819
Burien $ 63,128 $ 69,897 $ 5,535 $ 12,304
Des Moines $ 30,261 $ 34,301 $ 1,858 $ 5,898
Federal Way $ 119,468 $ 133,558 $ 9,196 $ 23,286
Kent $ 188,422 $ 212,655 $ 12,493 $ 36,726
Normandy Park $ 5,942 $ 6,992 $ 108 $ 1,158
Renton $ 217,088 $ 246,643 $ 12,758 $ 42,313
Tukwila $ 15,402 $ 17,233 $ 1,171 $ 3,002
Total $ 777,306 $ 874,145 $ 54,667 $ 151,506
Thank you
Claire V. Goodwin, SKHHP Executive Manager
cvgoodwin@skhhp.org