The state Department of Commerce on Thursday announced more than $91 million in grants and loans for affordable housing projects, including $4.9 million for Vancouver.
“The Housing Trust Fund provides catalytic investments to nonprofit organizations, supporting the creation and preservation of affordable housing,” Commerce Director Lisa Brown said in a news release. “Communities across the state are stronger when individuals and families have a secure place to call home.”
Vancouver Housing Authority received $3 million toward Fourth Plain Commons, a mixed-use development aimed at providing affordable housing and promoting economic development along the Fourth Plain corridor. Planned for Warrior Field in central Vancouver, the 78-unit building is intended to house families with children and will feature a ground-floor commons complete with a commercial kitchen, offices, classrooms, community event space and an outdoor space for a satellite Vancouver Farmers Market.
Council for the Homeless received $1.5 million for The Meridian, a 46-unit apartment building to be built on Northeast 78th Avenue near existing subsidized housing projects. It’s being developed by Housing Initiative, a subsidiary launched by the nonprofit Council for the Homeless in 2016, and is intended to house people transitioning from homelessness or those with behavioral health challenges.
