by Ashley Archibald
An affordable housing developer got a reprieve as the minutes ticked down toward its deadline to move forward with plans for a mixed-use building as part of an ambitious four-building complex near the Othello Link light rail station in South Seattle.
HomeSight leaders are expected to send a new proposal for Building A of the Othello Square campus project — which includes the Opportunity Center with more than 200 units of affordable housing above it — for a vote at its board meeting this week. If approved, the developer will receive a 90-day extension to purchase the Building A property for the development from the Seattle Housing Authority (SHA). The original deadline to buy the parcel was Jan. 15, but SHA granted an extension, and HomeSight’s board is expected to consider the proposal on Thursday, Feb. 11.
Continue reading Opportunity Center and Affordable Housing Near Othello Station in Flux Over Cleanup Concerns
by Carolyn Bick
The Rainier Valley Community Development Fund will no longer be a partial owner in HomeSight’s Othello Square Project.
Though the Rainier Valley Community Development Fund (RVCDF) originally signed a letter of interest with HomeSight to become a partial owner of Building A in the mixed-use development, when it came to the capital call, RVCDF Board President Doug Cargill said that they “couldn’t square the circle,” and had to prioritize the nonprofit lending firm’s capacity to continue serving clients.
Continue reading Rainier Valley Community Development Fund pulls out of Othello Square Project
by Cliff Cawthon
If you ever wondered what is in store for the seemingly unused land across from the Othello Light Rail station, the plan is to create something “unique” for developers and communities feeling the crunch of gentrification. Continue reading Southeast Economic Opportunity Center Promises “Inclusive Development” and “Community Ownership”