As the August 2 deadline for voters to approve the proposed $290 million housing levy approaches, affordable housing nonprofit Capitol Hill Housing is recognizing the city for its accomplishments with the 2009 levy, which will expire at the end of this year.
12th Ave Arts, developed by CHH, was awarded the Urban Land Institute Global Award for Excellence in 2015. CHH was given the option to receive a second award and chose to share it with the Office of Housing for its help in creating the development’s affordable housing. The award was presented at a small ceremony in the 12th Ave Arts lobby on Friday.
“We couldn’t have done this project without their support,” said CHH CEO Christopher Persons.
The residential part of 12th Ave Arts includes 88 units of affordable housing. The development was funded in part through Low Income Housing Tax Credits and New Market Tax Credits, and the 2009 housing levy was the largest source of funding for the building’s affordable housing. Office of Housing director Steve Walker called the project “an excellent example of the Seattle Housing Levy at work.”
Walker said that the upcoming housing levy vote was critical to continuing to create much-needed affordable housing in Seattle. “We are dealing with a tremendous amount of pressure on affordability on housing in our city,” said Walker. “The levy has been this foundational piece for 35 years.”