HomeMy WebLinkAboutPPT_SKHHP_HousingCapitalFund_CouncilApprovals_2026_1_12South King Housing and
Homelessness Partners (SKHHP) Housing Capital Fund Recommendations
Claire V. Goodwin, SKHHP Executive Manager
SKHHP’s Housing Capital Fund
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Meaningful opportunity to pool funds together with neighboring cities to collaboratively make an
impact on the subregion’s affordable housing shortage.
Funds pooled from eleven member jurisdictions:
Auburn Federal Way Renton
Burien Kent SeaTac
Covington Maple Valley Tukwila
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
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The SKHHP Advisory Board reviewed and made recommendations to the SKHHP Executive
Board to fund three of the six projects.
The SKHHP Executive Board agreed with recommendation and is seeking concurrence from
each jurisdiction.
The recommendation totals $3,942,850
$922,000 from SHB 1406
$3,020,850 from HB 1590
2025 Housing Capital Fund
Recommended Projects
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1.African Community Housing & Development – African Diaspora Cultural Anchor Village: SeaTac
•129-unit multifamily rental TOD development
•30%-60% of area median income (AMI); 55 units set-aside for families with children and 13 units set-aside for
households with a physical disability.
•$1,200,000
2.St. Stephen Housing Association – Steele House: Renton
•6 three-bedroom rental townhomes
•50% AMI serving families exiting homelessness. City of Renton funded directly in 2025.
•$1,820,850
3.Mental Health Housing Foundation – Steel Lake: Federal Way
•20-unit multifamily rental development
•30% & 50% AMI serving individuals with severe and persistent mental illness
•$922,000
Proposed Funding Sources for Recommended Projects – HB 1590
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Jurisdiction
1. ACHD-African
Diaspora Cultural
Anchor Village
2. St. Stephen-
Steele House
Total
Contributed
in 2025
Carry-Over
from 2024
2024
Interest
Unallocated
Covington $ 87,693 $ 133,064 $ 220,387 $ 460 $ 2,224 $ 2,314
Kent $ 914,654 $ 1,387,873 $2,322,228 $ 4,434 $ - $ 24,135
Maple Valley $ 197,653 $ 299,913 $ 500,000 $ 1,075 $ 1,707 $ 5,216
Total $ 1,200,000 $ 1,820,850 $3,042,615 $ 5,969 $ 3,931 $ 31,665
Proposed Funding Sources for Recommended Projects – SHB 1406
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Jurisdiction Mental Health Housing
Foundation – Steel Lake
Total Contributed
in 2025
Carry-Over from
2024 2024 Interest Unallocated
Auburn $ 137,138 $ 134,352 $ 807 $ 2,026 $ 47
Burien $ 65,453 $ 64,134 $ 382 $ 959 $ 22
Des Moines $ 31,264 $ 30,667 $ 199 $ 409 $ 11
Federal Way $ 121,813 $ 119,350 $ 770 $ 1,735 $ 42
Kent $ 211,663 $ 185,561 $ 1,150 $ 25,024 $ 72
Normandy Park $ 5,636 $ 5,554 $ 32 $ 52 $ 2
Renton $ 227,503 $ 223,465 $ 1,343 $ 2,772 $ 77
Tukwila $ 121,530 $ 120,642 $ 459 $ 470 $ 41
Total $ 922,000 $ 883,725 $ 5,142 $ 33,447 $ 314
Thank you
Claire V. Goodwin, SKHHP Executive Manager
cvgoodwin@skhhp.org