BRIDGE Housing has celebrated the groundbreaking of a new affordable housing community in Bellevue, Washington.
The new transit-oriented community in the Spring District will provide 234 affordable apartments for residents with incomes below 60 percent of the Area Median Income (AMI). The project is funded by partners including Amazon, the Washington State Department of Commerce, King County, the City of Bellevue, ARCH, Citi as construction lender, JLL as permanent lender, the National Affordable Housing Trust as tax credit investor, and others.
Forty apartments will be reserved for residents with developmental disabilities. The community will comprise two mid-rise buildings, six and seven stories tall, on property provided by Sound Transit. “We are grateful to stand shoulder-to-shoulder with dedicated partners at the city, county and state levels, along with business allies like Amazon, to help address this ongoing and urgent challenge,” said BRIDGE Housing President and CEO Ken Lombard.
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